Preliminary results from the University of Michigan’s consumer sentiment survey will be released Friday morning. Economists expect February’s numbers to be down, but still up from a year ago.
The U.S. Bureau of Labor Statistics is also scheduled to release import price index (IPI) data for February on Friday morning, and economists expect the number to decline month-over-month.
Yahoo Finance anchors Josh Lipton and Julie Hyman break down what to expect from these numbers and how it could affect the overall market.
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
video transcript
Josh Lipton: What to watch on Friday, March 15th is now. Let’s start with the economic aspect. Preliminary consumer sentiment statistics will be announced in the morning. Economists expect February’s numbers to be down, but still up 10% from the same month last year. This comes as retail sales statistics released were weaker than expected but still showed strong consumer spending.
Julie Hyman: And on the economy, the new import price index report for February, due out this morning, will provide fresh inflation readings ahead of next week’s second FOMC meeting of the year. That number is expected to decline month-on-month, perhaps a welcome sight for the Fed. The central bank has been grappling with tougher-than-expected inflation data in recent weeks as it continues to steer the economy toward 2% inflation.
Josh Lipton: Finally, enjoy another episode of Yahoo Finance’s Good Buy or Goodbye. Tomorrow at 3:30pm ET, we’ll help you navigate the best moves for your portfolio.
