Tuesday
The big report is consumer confidence which is expected to fall for the fourth straight month to an index of 94. If true, this would be the lowest level since February 2021, when the economy was still emerging from the pandemic. We also have a plethora of housing data with Case-Shiller expected to show the 20-city index holding at 4.5% home price growth in January. New home sales are expected to have risen 0.5% in February, this would still be the third lowest level in the last twelve months.
Wednesday
We get a look at the economy with durable goods orders expected to fall 1.2% in February. If true, this would be the fourth negative month of the last seven. Also happening on Wednesday, UK price growth is expected to have slowed to 2.9% in February and we get mortgage demand data.
Thursday
The second estimate for the economy in the fourth quarter is out at 8:30 AM and is expected to match the first estimate of 2.3% growth. Initial jobless claims are expected to rise slightly to 225k and pending home sales are expected to rise 2.9% in February.
Friday
This is the big day of the week with the PCE report. Consumer prices are expected to have jumped 0.4% in February, which would be the highest level since January 2024. Year-over-year price growth is expected to rise to 2.7% which would be the highest level since April 2024. Personal spending is expected to rebound by 0.5% after a negative January and personal income is expected to slow but still up 0.3%.
