Fed Chair Janet Yellen will testify to the Senate Banking Committee for the first time this week after her original hearing date was canceled because of snow.
Investors may get a firmer picture of the U.S. economy when the Bureau of Economic Analysis reports its second gross domestic product estimate for the past quarter. The bureau said last month that its first estimate was fourth-quarter growth of 3.2 percent. Friday’s report will include more complete data than last month’s advance estimate.
Also helping with that picture may be the earnings reports coming in this week from a slew of companies in the consumer discretionary category, from Best Buy and Macy’s to Hertz, Hilton and Tumi.
What follows are calendar highlights. (All times are Eastern Standard Time; forecasts by analysts/economists polled by Bloomberg.)
Federal Reserve Events
Tuesday, Feb. 25
Federal Reserve Board of Governors Member Daniel Tarullo speaks at NABE conference in Arlington, Virginia, 10:10 a.m. Other speakers at the conference include FDIC Vice Chair Thomas Hoenig (Monday, 3:50 p.m.); former Fed Chair Alan Greenspan; Jean-Claude Trichet, Former President, European Central Bank; Lawrence Summers, former treasury secretary; and Alice Rivlin, former Fed chair and founding director of the Congressional Budget Office
Wednesday, Feb. 26
Boston Federal Reserve Bank President Eric Rosengren speaks in Boston on the economic outlook, 12 p.m.
Cleveland Federal Reserve Bank President Sandra Pianalto speaks on the history of the Fed, Wooster, Ohio, 7:30 p.m.
Thursday, Feb. 27
Fed Chair Janet Yellen testifies before the U.S. Senate Banking committee in Washington, D.C., 10 a.m.
Atlanta Fed President Dennis Lockhart and Kansas City Fed President Esther George speak at a banking conference in Atlanta, 3:15 p.m.
Friday, Feb. 28
Fed Governor Jeremy Stein takes part in a panel discussion on monetary policy and financial stability in New York, 10:15 a.m. Also taking part in the discussion is Minneapolis Fed President Narayana Kocherlakota.
Chicago Fed President Charles Evans and Philadelphia Fed President Charles Plosser take part in a panel discussion on communications and unconventional monetary policy in New York, 1:30 p.m.
Economic reports
Monday, Feb. 24
Dallas Federal Manufacturing Survey, 10:30 a.m.
Tuesday, Feb. 25
S&P Case-Shiller Home Price Index, 9 a.m.
Consumer Confidence, 10 a.m.
Wednesday, Feb. 26
New Home Sales, 10 a.m.
EIA Petroleum Status Report,10:30 a.m.
Thursday, Feb. 27
Durable Goods Orders,8:30 a.m.
Jobless Claims, 8:30 a.m.
Friday, Feb. 28
Gross Domestic Product, second estimate, 8:30 a.m.
Chicago PMI, 9:45 a.m.
Consumer Sentiment, 9:55 a.m.
Pending Home Sales Index, 10 a.m.
Company Earnings Reports
Monday, Feb. 24
Havertys Furniture (consensus estimate is 36 cents a share)
Texas Roadhouse (24 cents)
Tuesday, Feb. 25
AMC Entertainment
Cracker Barrel ($1.61)
Dillard’s, Inc. ($3.11)
Domino’s Pizza (76 cents)
DreamWorks Animation SKG, Inc. (34 cents)
Hertz Global Holdings, Inc. (32 cents)
Home Depot (72 cents)
Macy’s, Inc. ($2.17)
Martha Stewart
Office Depot, Inc. (4 cents)
Steven Madden (56 cents)
T-Mobile US, Inc. (a loss of 15 cents per share)
Wednesday, Feb. 26
Abercrombie & Fitch (88 cents)
Barnes & Noble (59 cents)
Carter’s, Inc. ($1.03)
Dollar Tree ($1.07)
J.C. Penney Co. (a loss of 46 cents a share)
Lowe’s Cos., Inc. (32 cents)
Papa John’s International (82 cents)
Target Corp. ($1.25)
TJX Cos., Inc. (83 cents)
Thursday, Feb. 27
AMC Networks (821 cents per A share)
Best Buy Co., Inc. ($1.62)
Chiquita Brands International, Inc. (a loss of 18 cents a share)
Freddie Mac (73 cents)
Gap, Inc. (62 cents)
Hilton Worldwide (16 cents)
Kohl’s Corp. ($1.65)
Ross Stores, Inc. ($1.02)
Sears Holdings
Sotheby’s ($1.45)
Tumi Holdings (30 cents)
Wendy’s Co. (6 cents)
Friday, Feb. 28
Berkshire Hathaway ($2,203.48 per A share)
Furniture Brands
Publix Super Markets, Inc.
Re/Max Holdings
Best wishes,
The Money and Markets Team
