What to Watch: Weekly Claims, Retail Sales, IP/Cap-U

Tsys trading firmer, near top end of overnight range puts futures back near Wed's post-FOMC highs after mkts ignored Chairman Powell's pushback on easing economic conditions. Limited react to this morning's anticipated 50bp BOE rate hike. In the meantime, data at 0830ET:

• Initial Jobless Claims (230k, 232k); Continuing Claims (1.671M, 1.674M); Retail Sales Advance MoM (1.3%, -0.2%); Retail Sales Ex Auto MoM (1.3%, 0.1%) Retail Sales Ex Auto and Gas (0.9%, 0.0%); Retail Sales Control Group (0.7%, 0.1%) Empire Manufacturing (4.5, -1.0); Empire Manufacturing (4.5, -1.0); Philadelphia Fed Business Outlook (-19.4, -10.0)
• Followed by: Industrial Production MoM (-0.1%, 0.0%); Capacity Utilization (79.9%, 79.8%) and Mfg (SIC) Production (0.1%, -0.2%) at 0915ET.
• Business Inventories (0.4%, 0.4%), Net Long-term TIC Flows ($118.0B, --) and Total Net TIC Flows ($30.9B, --) at 1000ET.
• US Tsy bill auctions at 1130ET: $45B each 4W and 8W.
• Fed speakers come out of policy blackout tomorrow w/ SF Fed Pres Daly expected to discuss inflation and economy at moderated discussion at 1200ET.