Inflation Data, Housing Releases, FOMC Meeting on Busy Econ Calendar

Two hours before the bell sounds Dow futures are looking to open 39 points higher at 10,462 and S&P 500 futures are up 5 points to 1,108.

As the US dollar index starts the week a bit softer oil has fallen below the $70 per barrel threshold: WTI Crude is trading 40 cents lower at $69.47 per barrel. Meantime, Spot Gold is up $2.95 to $1,118.35.

Over the weekend, former Federal Reserve Chairman Greenspan told NBC: “It seems to me virtually inevitable – if nothing else were to happen – that employment would start to come back fairly quickly.”

Meanwhile, President Obama told 60 Minutes he was frustrated that “fat-cat bankers” are going home with large bonuses and fighting government efforts to revamp financial regulation. 

Looking to data this week, Monday and Friday have no data releases but the other three days are packed. Industrial production, housing starts, and inflation data are the important surveys this week, while the Fed’s monetary policy meeting is sure to have investors chattering all week.

Key Events This Week: 

Monday:

No major data released.

• Treasury Auctions:
• 11:30 â€