RSS Feed by Calculated Risk on 12/14/2024 08:11:00 AM
Saturday, December 14, 2024
Schedule for Week of December 15, 2024
The key economic reports this week are Retail Sales, Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays.
For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys will be released this week.
The FOMC meets this week and is expected to cut rates by 25bp.
8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 5.8, down from 31.2.
8:30 AM ET: Retail sales for November will be released. The consensus is for a 0.5% increase in retail sales.This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for November.This graph shows industrial production since 1967.
The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to increase to 77.2%.
10:00 AM: The December NAHB homebuilder survey.
The consensus is for a reading of 46, unchanged from 46 the previous month. Any number below 50 indicates that more builders view sales conditions as poor than good.
----- Wednesday, December 18th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Housing Starts for November.
This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.344 million SAAR, up from 1.311 million SAAR.
During the day: The AIA's Architecture Billings Index for October (a leading indicator for commercial real estate).
2:00 PM: FOMC Meeting Announcement. The Fed is expected to cut rates 25bp at this meeting.
2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
----- Thursday, December 19th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 232 thousand initial claims, down from 242 thousand last week.
8:30 AM: Gross Domestic Product, 3rd quarter 2024 (Third estimate). The consensus is for real GDP at 2.8% annualized, unchanged from the second estimate of 2.8%.
8:30 AM: the Philly Fed manufacturing survey for December. The consensus is for a reading of 2.2, up from -6.0.
10:00 AM: Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 3.97 million SAAR, up from 3.96 million.
The graph shows existing home sales from 1994 through the report last month.
11:00 AM: the Kansas City Fed manufacturing survey for December.
----- Friday, December 20th -----
8:30 AM: Personal Income and Outlays for November. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the PCE price index to increase 0.2%, and the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.5% YoY, and core PCE prices up 2.9% YoY.
10:00 AM: University of Michigan's Consumer sentiment index (Final for December).
10:00 AM: State Employment and Unemployment (Monthly) for November 2024
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: Housing Starts for November. This graph shows single and multi-family housing starts since 1968.
The consensus is for 1.344 million SAAR, up from 1.311 million SAAR.
During the day: The AIA's Architecture Billings Index for October (a leading indicator for commercial real estate).
2:00 PM: FOMC Meeting Announcement. The Fed is expected to cut rates 25bp at this meeting.
2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 232 thousand initial claims, down from 242 thousand last week.
8:30 AM: Gross Domestic Product, 3rd quarter 2024 (Third estimate). The consensus is for real GDP at 2.8% annualized, unchanged from the second estimate of 2.8%.
8:30 AM: the Philly Fed manufacturing survey for December. The consensus is for a reading of 2.2, up from -6.0.
10:00 AM: Existing Home Sales for November from the National Association of Realtors (NAR). The consensus is for 3.97 million SAAR, up from 3.96 million.The graph shows existing home sales from 1994 through the report last month.
11:00 AM: the Kansas City Fed manufacturing survey for December.
8:30 AM: Personal Income and Outlays for November. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the PCE price index to increase 0.2%, and the Core PCE price index to increase 0.2%. PCE prices are expected to be up 2.5% YoY, and core PCE prices up 2.9% YoY.
10:00 AM: University of Michigan's Consumer sentiment index (Final for December).
10:00 AM: State Employment and Unemployment (Monthly) for November 2024
