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Business

Business week ahead, Feb. 12-16

Did consumers feel the pinch from rising gas

Did consumers feel the pinch from rising gas prices in January? An answer could come Tuesday. Photo Credit: James Carbone

KEY EVENT: Pumped-up prices. Feel like paid more for gasoline, oil, electricity and other consumer goods last year? You did. The 2017 inflation rate in the 31 Northeast counties including Long Island and New York City rose 2 percent last year, the highest year-over-year increase since 2011. On Tuesday, we get a first look at inflation in 2018 when the Labor Department releases consumer prices for January. The report includes a look at both local and national prices.

MONDAY: Earnings from Plainview LED equipment maker Veeco Instruments and Manhattan office buildings owner Vornado Realty Trust.

TUESDAY: Small-business optimism about the economy in January from the National Federation of Independent Business. Earnings: MetLife, PepsiCo.

WEDNESDAY: Retail sales from the Commerce Department and prices at the wholesalers level from the Labor Department, both for January. Earnings: Cisco Systems, Marriott International.

THURSDAY: The Federal Reserve Bank of New York releases the February Empire State index, an update on state manufacturing activity. Also, jobless benefits claims for the week ended Feb. 10 from the Labor Department. Earnings: New Hyde Park shopping centers owner Kimco Realty, CBS, Con Edison, Shake Shack.

FRIDAY: December housing starts from the Commerce Department. Earnings: Coca-Cola, Kraft Heinz

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