Monday: Personal Income and Outlays, ISM Mfg Survey, Construction Spending

Schedule for Week of January 31, 2016

January 2016: Unofficial Problem Bank list declines to 238 Institutions

• At 8:30 AM ET, Personal Income and Outlays for December. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase in personal spending. And for the Core PCE price index to increase 0.1%.

• At 10:00 AM, ISM Manufacturing Index for January. The consensus is for the ISM to be at 48.3, up from 48.2 in December.

• Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.6% increase in construction spending.

• At 1:00 PM, Discussion, Fed Vice Chairman Stanley Fischer, Recent Monetary Policy, Council on Foreign Relations Event: C. Peter McColough Series on International Economics, New York, N.Y.

From CNBC: Pre-Market Data and Bloomberg futures: currently S&P futures are down 7 and DOW futures are down 60 (fair value).

Oil prices were up over the last week with WTI futures at $33.29 per barrel and Brent at $35.56 per barrel.  A year ago, WTI was at $45, and Brent was at $47 – so prices are down about 30% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $1.79 per gallon (down over $0.20 per gallon from a year ago).

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