Kansas City Fed Jeffrey Schmid already kicked off this Tuesday with early comments, saying that the Fed should wait and not jump the gun on its disinflationary path.
Around 13:30 GMT Durable Goods for January are due to be released:
Headline Durable Goods Orders are expected to head from 0% to -4.8%.
Orders without Transportation are seen heading from 0.5% to 0.2%.
As always, the previous revisions will be more important in terms of market reaction on the numbers.
At 13:55 the weekly Redbook will be released, with 3% as the previous number.
Near 14:00 the Housing Price Index for December will be released, with a steady 0.3% forecasted.
Fed Vice Chairman Michael Barr will make some comments around that same time as the Housing Price Index release.
Fast forward to 15:00 and the Consumer Confidence for February will be released. Previously it was at 114.8 with 115 projected. Additionally, the Richmond Fed Manufacturing Index for february will be released at that same time, with -15 printed previously and -4 forecasted.
Last number for this Tuesday will be released at 15:30 with the Dallas Fed Manufacturing Business Index for February, previously in contraction at -27.4.
Equities are mildly in the green after the Dow Jones snapped its three-day winning streak overnight. China is doing rather well, with both the Hang Seng and the Shenzhen Index both up near 1%. European equities are mildly in the green with US futures still looking for direction.
According to the CME Group’s FedWatch Tool, expectations for a Fed pause in the March 20 meeting are at 97.5%, while chances of a rate cut stand at 2.5%.
The benchmark 10-year US Treasury Note trades around 4.26%, and is dipping to session lows for this Tuesday.
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