Fed Chair Janet Yellen delivers her semi-annual testimony to Congress this week on Wednesday and Thursday. Market watchers will be looking at her testimony for signs of how the Fed might respond to the market volatility that has defined 2016 so far. Meanwhile, grain markets will be preparing for Wednesday’s supply and demand report from the USDA.
Economic Calendar
Monday:
TD Ameritrade IMX 12:30 PM ET
Tuesday:
Small Business Optimism Index 6:00 AM ET
JOLTS 10:00 AM ET
Wednesday:
MBA Mortgage Applications 7:00 AM ET
Federal Reserve Chair Janet Yellen Congressional testimony 10:00 AM ET
USDA Supply & Demand 12:00 PM ET
Crop Production Report 12:00 PM ET
San Francisco Federal Reserve Bank President John Williams speech 1:30 PM ET
Thursday:
Federal Reserve Chair Janet Yellen Congressional testimony 10:00 AM ET
Friday:
Dallas Federal Reserve Bank President Rob Kaplan speech 8:30 AM ET
U.S. Consumer Sentiment 10:00 AM ET
Links:
Slower job growth does not mean we’re headed towards a recession (FiveThirtyEight)
If U.S. is headed towards a recession, this is what it would take (NYT Upshot)
It was a record week for WTI crude oil positions (Bloomberg)
The most extreme El Nino drought impact in 75 years (Quartz)
There’s a whiskey index, and it’s outperforming oil, gold and stocks (Bloomberg)
Why banks drawn to blockchain aren’t worried about bitcoin’s problems (Business Insider)
What the Super Bowl tells us about the U.S. economy (Forbes)
Quicken’s Super Bowl ad recalls the housing crisis (Wall Street Journal)
