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Monday, December 25, 2023

Tuesday: Case-Shiller House Prices

by Calculated Risk on 12/25/2023 07:34:00 PM

Weekend:
Ten Economic Questions for 2024

Schedule for Week of December 24, 2023

Tuesday:
• At 8:30 AM ET, Chicago Fed National Activity Index for November. This is a composite index of other data.

• At 9:00 AM, FHFA House Price Index for October. This was originally a GSE only repeat sales, however there is also an expanded index. 

• Also at 9:00 AM, S&P/Case-Shiller House Price Index for October. The consensus is for an 5.0% year-over-year increase in the National index for October.

• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for December.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 6 and DOW futures are up 67 (fair value).

Oil prices were up over the last week with WTI futures at $73.56 per barrel and Brent at $79.07 per barrel. A year ago, WTI was at $80, and Brent was at $82 - so WTI oil prices were down 8% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.09 per gallon. A year ago, prices were at $3.06 per gallon, so gasoline prices are up slightly year-over-year.