U.S. stock and bond markets are closed in observance of Presidents Day.
S&P Global releases February business-activity surveys from around the world. The data firm’s January surveys showed that U.S. businesses reported further declines in activity, while the eurozone saw a modest pickup.
The National Association of Realtors reports sales of previously owned homes in January. Existing-home sales fell 17.8% in 2022, concluding the weakest year for sales activity since 2014.
The Federal Reserve releases the minutes from its Jan. 31-Feb. 1 meeting, when central bankers voted to raise short-term interest rates by 0.25 percentage point. The minutes will provide more details on the discussions over the decision.
The Labor Department reports the number of worker filings for unemployment benefits in the week ended Feb. 18. Initial jobless claims held nearly steady in the prior week and remained historically low.
The Commerce Department releases its second estimate of output by the U.S. economy in the fourth quarter. The economy grew at a solid 2.9% annual rate last quarter, capping a year of slower economic growth when compared with the previous year.
The Statistics Bureau of Japan releases annual inflation data through January. Core consumer prices in Japan rose 4% in December from a year earlier, the fastest pace since December 1981.
The Commerce Department releases figures on U.S. household spending and income in January. Consumer spending fell 0.2% in December from the prior month, the second consecutive monthly drop. More recently, U.S. retail sales, which capture part of consumer spending, jumped 3% in January. The department also releases its personal-consumption expenditures price index, a gauge of inflation closely watched by the Fed. The PCE price index rose 5% in December from a year earlier, down from the 5.5% rise in November.
The University of Michigan publishes its final reading of consumer sentiment for February. A reading earlier this month showed that sentiment improved somewhat, but remained subdued as concerns about the economy persisted.
The Commerce Department releases data on new home sales in January, which account for about 10% of the housing market.
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