Video: Mark Rogers on the US Economy — Week of February 18, 2014

Econoday’s Mark Rogers provides a look at key economic announcements for the US this week. In this segment:  Weather dumps on economic data. The economy has slowed, but how much is weather related?

 

Econoday reports, available on TradingScreen’s award-winning TradeSmart EMS, provide alerts on upcoming economic announcements, and jargon-free analysis of their potential market impact. Mark Rogers, Senior Economist for U.S. markets, has over 19 years of experience with the Federal Reserve Bank of Atlanta as an economist and forecaster for national and regional economies.

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Highlights:

  • Winter weather playing an usually big role: retail sales weaker than expected 00:15
  • Unexpectedly large downward revision to December retail sales may mean downward revision to Q4 GDP 00:41
  •  Atypically bad winter weather reduced shopping in January, especially for autos 01:00
  • Weather affecting total industrial production 01:18
  • Janet Yellen gives first public testimony: Bernanke policies likely to continue 01:55
  • Home biller’s index way below expectations 03:10
  • The drop is the largest in the history of the series 03:35
  • Housing in a “soft spot” 04:45
  • Housing numbers could bounce back in Spring, simply because winter numbers were bad 05:30
  • Producer Prices Report is now completely revamped 06:03
  • Traditional PPI focuses on goods and commodities, will now include services and construction 06:31
  • FOMC Minutes: How important is “data dependent” vs. “measured steps?” 9:00
  • Is the slowness just a weather effect? 10:00