Economic Data Scheduled For Tuesday

The Federal Open Market Committee will start its two-day policy meeting today.
The Producer Price Index for May is scheduled for release at 8:30 a.m. ET. Producer prices are expected to rise a monthly 0.6% in May following a 0.6% growth in the prior month.
Data on retail sales for May will be released at 8:30 a.m. ET. Analysts expect retail sales declining 0.4% in May.
The Empire State manufacturing index for June is scheduled for release at 8:30 a.m. ET. The index is likely to drop to 22 in June from 24.3 in the previous month.
The Johnson Redbook Retail Sales Index for the latest week is scheduled for release at 8:55 a.m. ET.
Data on industrial production for May will be released at 9:15 a.m. ET. A 0.6% rise in industrial production is expected for May following a 0.7% monthly gain in April.
Data on business inventories for April will be released at 10:00 a.m. ET. Analysts project business inventories dropping 0.1% in April.
The housing market index for June is scheduled for release at 10:00 a.m. ET. The housing market index is projected to hold steady at 83 in June.
The Treasury is set to auction 52-week bills at 11:30 a.m. ET.
The Treasury is set to auction 20-year bonds at 1:00 p.m. ET.
The Treasury International Capital report for April will be released at 4:00 p.m. ET.