A
holiday shortened week starts off with the deeply depressed Empire State report
offering what is expected to be another deeply negative indication on the
manufacturing sector. The housing market index will follow on Tuesday and is
expected to show continued optimism among the nation's home builders. Housing
starts & permits are out on Wednesday and are expected to underscore housing
as a leading strength for the economy. The labor market is the economy's
greatest strength and initial jobless claims for Thursday will cover the sample
week of the February employment report and look set to signal strong improvement
from January. Consumer prices close out the week on Friday and are not expected
to show any traction.
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