At 9:00 AM we will CoreLogic’s Home Price Index for January and then all eyes will be on Federal Reserve Chair Jerome Powell as he testifies on Tuesday to the Senate Banking Committee at 10:00 AM. At 3:00 PM, total consumer credit is expected to rise $22.85B, up from $11.65 billion in December.
A busy Wednesday starts at 7:00 AM with Mortgage demand and rates from the MBA. At 8:15 AM, the ADP report is expected to show 195k jobs created in February and not long after at 8:30 AM, the trade deficit is expected to rise to $69 billion. A busy 10:00 AM hour starts with job openings expected to fall to 10.6M and then immediately followed by Chairman Powell testifying in from the House Finance Committee. At 2:00 PM we get the latest Fed beige book.
At 8:30 AM, jobless claims are expected to rise to 195k and then at noon Freddie Mac will give us the latest survey on mortgage rates.
The big nonfarm payroll is expected to show 200k jobs created in February. At 2:00 PM, the monthly US budget deficit is expected to increase to $45B, up from $39B in December.