Economic Events and Analysis
Week of March 2 -6
US Calendar: The consumer sector has been carrying the load for the economy. We get personal income at the first of the week which includes personal spending. We'll have to decipher gasoline price effects on the spending total. The Fed will be interested in the direction of inflation in the report. At the end of the week, the employment report is posted. Payroll gains have been moderately healthy—will that trend continue? The Fed will likely be paying special attention to wage growth. The unemployment rate nudged up in December but has been on a downward trend but how much is due to the labor force participation rate.
Global Calendar: The first week of March is chock full of new economic information and key central bank meetings. The Reserve Bank of Australia, the Banks of Canada and England and the European Central Bank all will issue policy statements. Data highlights include manufacturing and composite PMIs. Canada and Australia will publish their respective estimates of fourth quarter growth. And the first Friday of the month brings the U.S. employment situation report.