The Week Ahead: Aug. 15-19, 2011

August 15, 2011 01:35 AM
 

via a special arrangement with Informa Economics, Inc.

Obama, Biden, other administration officials go outside Washington to discuss policy


NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


A rather light schedule is on tap in Washington this week, with more events of note taking place outside the nation's capital, and not limited to this country – as the detailed calendar shows. Lawmakers return to Washington Sept. 6 (Senate) or Sept. 7 (House).

President Obama today begins a three-day bus tour of the Midwest to discuss ideas for economic growth.

On Tuesday, the president hosts the White House Rural Economic Forum in Peosta Iowa, including small business owners, private-sector leaders, rural organizations and government officials to discuss initiatives to promote growth.

Meanwhile, Vice President Joe Biden will visit Asia.

In China, he will meet president Hu Jintao and other senior officials to discuss bilateral, regional and global issues.

In Japan, Biden will discuss the country's recovery effort after this year's earthquake, tsunami and nuclear disasters.

European leaders from France and Germany on Tuesday will discuss how to make the euro zone more effective.

They have indicated they do not support aggressive use of euro bonds.

Renewable fuel is the topic of a conference in Brazil, with energy officials from several countries attending.

Also on the energy front, U.S. Dept. of Energy Deputy Secretary Daniel Poneman will unveil the U.S.-Brazil Strategic Energy Dialogue in Brasilia, Brazil. Other Obama administration officials will join Poneman. The session will include efforts aimed at developing Brazil's oil-and-gas resources.

Republicans in the past have criticized Obama's focus on Brazil energy issues, noting that the administration should be spending more time developing U.S. oil resources.


Calendar of key events and reports this week include:

Monday, Aug. 15

Markets: South Korea's market closed.
Obama:
President Obama begins a three-day bus tour of the Midwest to discuss ideas for economic growth.
Economy:
Atlanta Fed President Dennis Lockhart speaks about the U.S. economy.
Economic reports:
Selected Interest Rates (Federal Reserve) | International capital flows (Treasury) | Housing Market Index (National Assn. Of Home Builders) | Empire State Mfg. Survey.
NOPA: Monthly soybean crushings.
USDA reports:
Export inspections (AMS) | ERS Outlook reports: Feed | Wheat | Crop Progress (NASS).

Tuesday, Aug. 16

Euro: French, German leaders discuss how to make the euro zone more effective.
Obama: President Obama hosts the White House Rural Economic Forum in Peosta, Iowa, bringing together small business owners, private-sector leaders, rural organizations and government officials to discuss initiatives to promote growth.
Vice President Biden trip: Vice President Joe Biden visits Asia. In China, he will meet President Hu Jintao and other senior politicians to discuss bilateral, regional and global issues. In Japan, he will discuss the country's recovery effort after this year's earthquake, tsunami and nuclear disasters.
Bioenergy conference: The International Congress on Bioenergy begins in Curitiba, Brazil (until Aug. 19), focusing on renewable energy.
Energy reports: Weekly National Petroleum Report (API).
Economic reports: Housing Starts | Import and Export Prices | Industrial Production.
USDA reports: Cranberries (NASS) | Turkey Hatchery (NASS) | Sugar and Sweeteners Outlook (ERS).

Wednesday, Aug. 17

U.S. to launch Brazil energy partnership: Dept. of Energy Deputy Secretary Daniel Poneman will unveil the US-Brazil Strategic Energy Dialogue in Brasilia, Brazil: Several Obama administration officials will join Poneman, including officials from the State Dept., Commerce and the US trade officials.
FAO:
The United Nations' Food and Agriculture Organization's (FAO) Horn of Africa crisis: follow-up of emergency ministerial level meeting.
Federal Reserve:
Dallas Fed President Richard Fisher discusses the Fed and monetary policy.
Energy reports: Weekly Petroleum Status Report (EIA) | Weekly ethanol plant production (EIA).
Economic reports: Weekly mortgage applications (Labor Dept.) | Producer Prices Index.
Argentina: The Agriculture ministry publishes its monthly crop forecasts.
USDA reports: Livestock, Dairy, and Poultry Outlook (ERS) | Broiler Hatchery (NASS) | Latest US Agricultural Trade Data (ERS).

Thursday, Aug. 18

Economy: New York Fed President Bill Dudley speaks about the regional and national economic outlook.
Japan: Japan's finance minister, Yoshihiko Noda, speaks at a forum on reconstruction and economic growth in Japan.
Transportation: Weekly Traffic of Major Railroads (Assn. Of American Railroads).
Energy reports: Weekly US underground natural gas stocks (EIA).
Economic reports: Jobless Claims (Labor Dept.) | Weekly Mortgage Rates (Freddie Mac) | ICI weekly money market mutual fund data | Phila. Fed Survey | Leading indicators | Existing Home Sales | Consumer Price Index. Weather: National Weather Service issues 30- and 60-day weather outlooks.
USDA reports: Export Sales (FAS) | Grain Transportation Report (AMS) | Meat Price Spreads (ERS) | Livestock and Meat Trade Data (ERS) | Milk Production (NASS) | Season-Average Price Forecasts (ERS).

Friday, Aug. 19

Energy report: API issues monthly statistical report.
USDA reports: Dairy Products Prices (NASS) | Peanut Prices (NASS) | Cattle on Feed (NASS) | Mushrooms (NASS).


 

NOTE: This column is copyrighted material, therefore reproduction or retransmission is prohibited under U.S. copyright laws.


 


 

 

 

 

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