We are looking for a rebound in January in retail sales as things start to open up and there is more confidence, says Michael Zarembski, Director of Futures at Charles Schwab. The 30-year fixed mortgage rate is now above 4.0% average, he points out. January FOMC minutes will be released today Feb. 16 at 2:00PM EST. The wildcard is when will the Fed start to reduce the balance sheet and at what pace. Michael will be watching the upcoming import and export prices and the EIA data coming out.
Futures
16 Feb 2022
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