Weekly Outlook: U.S. Planted Acreage and GDP

A heavy schedule of speeches from Fed officials once again dots the economic calendar this week, but there are a few reports to watch for as well. The first two come Tuesday with the latest Case-Shiller housing index, and international trade, which provides a reading on the U.S. trade deficit. On Thursday we’ll see the third reading of fourth quarter 2016 U.S. GDP, which is expected to hover around the last reading of 1.9 percent. Finally, it’s a big week for agricultural markets as the USDA’s annual Prospective Plantings report arrives Friday. The report gives the first and biggest outlook on what U.S. farmers are planting this year.

Economic Calendar

Monday

US: Chicago Federal Reserve Bank President Charles Evans Speech
01:15 PM ET

US: Dallas Federal Reserve Bank President Dennis Kaplan Speech
06:30 PM ET

Tuesday

International Trade in Goods 8:30 AM ET

S&P Case-Shiller Housing Price Index 9:00 AM ET

U.S. Consumer Confidence 10:00 AM ET

Kansas City Federal Reserve Bank President Esther George Speech 12:45 PM ET

Dallas Federal Reserve Bank President Dennis Kaplan Speech 1:00 PM ET

Wednesday

Chicago Federal Reserve Bank President Charles Evans Speech 09:20 AM ET

Boston Federal Reserve Bank President Eric Rosengren Speech 11:30 AM ET

San Francisco Federal Reserve Bank President John Williams Speech 01:15 PM ET

Thursday

GDP 08:30 AM ET

Cleveland Federal Reserve Bank President Loretta Mester Speech 9:45 AM ET

Dallas Federal Reserve Bank President Dennis Kaplan Speech 11:00 AM ET

Friday

UK GDP 4:30 AM ET

St. Louis Federal Reserve Bank President James Bullard Speech 10:30 AM ET

USDA Prospective Plantings 12:00 PM ET

Baker-Hughes Rig Count 1:00 PM ET

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