Schedule for Week of July 7, 2019

The key report this week is June CPI.

Fed Chair Jerome Powell will testify on the Semiannual Monetary Policy Report to the Congress on Wednesday and Thursday.

----- Monday, July 8th -----
3:00 PM: Consumer Credit from the Federal Reserve.

----- Tuesday, July 9th -----
6:00 AM ET: NFIB Small Business Optimism Index for June.

10:00 AM ET: Job Openings and Labor Turnover Survey for May from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings decreased in April to 7.449 million from 7.474 million in March.

The number of job openings (yellow) were up 5% year-over-year, and Quits were up 4% year-over-year.

----- Wednesday, July 10th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the House Financial Services Committee, Washington, D.C

2:00 PM: FOMC Minutes, Meeting of June 18-19, 2019

----- Thursday, July 11th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 216 thousand initial claims, down from 221 thousand last week.

8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for no change in CPI, and a 0.2% increase in core CPI.

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to the Congress, Before the Senate Banking Committee, Washington, D.C

----- Friday, July 12th -----
8:30 AM: The Producer Price Index for May from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI.