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mahatmakanejeeves

(60,949 posts)
Fri Aug 5, 2022, 12:28 PM Aug 2022

This week's major U.S. economic reports (August 8 - August 12)

THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, AUG. 8
11 am NY Fed 3-year inflation expectations July -- 3.6%

TUESDAY, AUG. 9
6 am NFIB small-business index July -- 89.5
8:30 am Productivity Q2 -- -7.3%
8:30 am Unit labor costs Q2 -- 12.6%

WEDNESDAY, AUG. 10
8:30 am Consumer price index July -- 1.3%
8:30 am Core CPI July -- 0.7%
8:30 am CPI (year-over-year) July -- 9.1%
8:30 am Core CPI (year-over-year) July -- 5.9%
10 am Wholesale inventories (revision) June -- 1.7%
2 pm Federal budget (compared with year earlier) July -- -$171 billion

THURSDAY, AUG. 11
8:30 am Initial jobless claims Aug. 6 -- N/A
8:30 am Continuing jobless claims July 30 -- N/A
8:30 am Producer price index July -- 1.1%

FRIDAY, AUG. 12
8:30 am Import price index July -- 0.2%
10 am UMich consumer sentiment index (preliminary) Aug. -- 52.0
10 am UMich 5-year inflation expectations (preliminary) Aug. -- 2.9%

https://www.chase.com/personal/investments/learning-and-insights/category/markets

Economic outlook

Up Next for the Markets: August 8 – August 12

James Chen
Head of Content Studio, J.P. Morgan Wealth Management

Aug 02, 2022 | 3 min read

• Inflation’s impact on consumers will be on full display this week with a bevy of economic data tied to prices slated for release.

• Be on the lookout for the Consumer Price Index for July. It's a key economic data point that economists, investors and consumers will all be paying close attention to.

The impact high inflation is having on both the economy and consumer sentiment will be front and center this week with a series of pricing-related data points on the schedule. Watch for the Consumer Price Index (CPI) for July to be released Wednesday. The CPI tracks the prices of a basket of goods and services and how they change over time. Inflation has been at a 40-year high for months, hitting 9.1% in June on an annual basis. Investors and economists are looking for any signs inflation is starting to ease as the Federal Reserve raises interest rates.

Also this week, consumer inflation expectations for July are released by the New York Fed, while the University of Michigan’s preliminary survey of consumers for August is on tap. Taken together, these should give investors a better picture of how consumers are feeling about current economic conditions. Also on the schedule this week is the NFIB Small Business Optimism Index for July as well as the previous week’s jobless claims.

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