The US Economic Calendar For The Week Of March 2, 2015
With the Economic Calendar Edition having been on temporary hiatus since the end of 2014, what is striking is how the more things change the more they seem to stay the same!
Interest rates remain low, the US economy muddles along at a disappointing rate of growth and the geopolitical horizon remains uncertain and dangerous.
But as before, using the assumption that the majority of Americans like to keep an eye on their money, the US Economic Calendar for the week of March 2, 2015 will serve as a great guide for all to have at their disposal!
And today, with economic and political uncertainty currently more the rule than the exception, this weeks key economic releases may hold some extremely helpful clues concerning the strength of the US economy and, just as importantly, the future direction of interest rates.
With nothing having fundamentally changed concerning Fed policy, interest rates remain a critical cog not only for fixed income and equity investors, but for the overall strength of the real estate market and the ease of availability of obtaining the mortgage financing so many use to make a purchase.
The US Economic Calendar
The economic data scheduled for release this week will provide investors and businesses with both anecdotal evidence about the direction that the US economy is heading along with actual data about its current condition.
Important numbers to focus on include the Non-Farm Payroll number, the US Unemployment Rate along with Average Hourly Wages to be released Friday morning, the ADP Employment Report on Wednesday, Factory Orders Thursday and the ISM Manufacturing Index on Monday .
It will be an active week for speeches by members of the Federal Reserve with Fed Chair Janet Yellen scheduled on Tuesday, Esther George and Richard Fisher on Wednesday and John Williams on Thursday.
Finally, the markets will once again also be closely monitoring domestic issues along with geopolitical hotspots that have the potential for serious flare-ups with wide and global implications.
Nationally and internationally, some issues to watch include:
- The continued growth and spread of ISIS, ISIL, the Islamic State or any other name you would like to give to Islamic extremists,
- The decline in the global price of oil (WTI currently $49.76/barrel) now seemingly stabilized in the current range and the impact that will have on oil producing nations like Russia and Saudi Arabia,
- Potential for ‘Lone Wolf’ terrorist attacks at home,
- The upcoming speech to Congress by Israeli Prime Minister Benjamin Netanyahu,
- In conjunction with the Netanyahu speech, the potential for White House negotiations to result in a deal with Iran in return for that country’s cooperation in the fight against ISIS,
- US-Mexico border security.
Courtesy of Econoday this is the chart of the US economic data to be released during the week of March 2, 2015 along with scheduled speeches by members of the Federal Reserve. The chart below also includes the upcoming treasury auction calendar!
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Written by Michael Haltman, President of Hallmark Abstract Service, New York.
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