US: Plethora of economic releases lined up for today - Rabobank

Michael Every, Head of Financial Markets Research at Rabobank, suggests that it’s going to be a busy day for the US with retail sales, Philly Fed, PPI, capacity utilization and industrial production data lined up.

Key Quotes

“In the US we have key retail sales, seen -0.1% m-o-m headline and 0.2% core, just what you’d expect after a 5.2% median income surge(?); then we have PPI and the Philly Fed, as well as industrial production (consensus: -0.2%) and capacity utilization (expected down 0.2ppts to 75.7%, which obviously screams for higher rates?).”