Schedule for Week of July 7, 2024

The key report this week is June CPI.

Fed Chair Powell testifies on the Semiannual Monetary Policy Report to Congress.

----- Monday, July 8th -----
No major economic releases scheduled.

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

10:00 AM: Testimony, Fed Chair Jerome Powell, Semiannual Monetary Policy Report to Congress, Before the U.S. Senate Committee on Banking, Housing, and Urban Affairs

----- 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 Congress, Before the U.S. House Financial Services Committee

----- Thursday, July 11th -----
8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.1% increase in CPI, and a 0.2% increase in core CPI.  The consensus is for CPI to be up 3.1% year-over-year and core CPI to be up 3.4% YoY.

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 242 thousand initial claims, up from 238 thousand last week.

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

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for July).