The Week Ahead

RETAIL SALES

Tuesday, Jan. 15, 8:30 a.m. EST -- Retail sales likely dropped 1.2% in December. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Sales excluding autos probably posted a 0.1% gain.

CONSUMER PRICE INDEX

Wednesday, Jan. 16, 8:30 a.m. EST -- Consumer prices for goods and services were likely unchanged in December. Excluding food and energy, core prices probably increased 0.2%.

BUSINESS INVENTORIES

Wednesday, Jan. 16, 8:30 a.m. EST -- Inventories in November are projected to have fallen 0.2%, after tumbling 1.4% in October.

INDUSTRIAL PRODUCTION

Wednesday, Jan. 16, 9:15 a.m. EST -- Factory output in December probably held steady, while the capacity utilization rate likely slipped to 74.6%, from 74.7% in November.

BEIGE BOOK

Wednesday, Jan. 16, 2 p.m. EST -- The Federal Reserve Bank will release its report on regional economic activity in advance of the policy meeting scheduled for Jan. 29-30.

NEW RESIDENTIAL CONSTRUCTION

Thursday, Jan. 17, 8:30 a.m. EST -- Housing starts in December are forecast to have fallen 3%, to an annual rate of 1.6 million.

INTERNATIONAL TRADE

Friday, Jan. 18, 8:30 a.m. EST -- The trade deficit probably widened to $30 billion in November, from $29.4 billion in October.

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