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mahatmakanejeeves

(60,945 posts)
Fri Sep 16, 2022, 02:14 PM Sep 2022

This week's major U.S. economic reports (September 19 - September 23)

MarketWatch updates the schedule throughout the week, so check their site for revised schedules.

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

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, SEPT. 19
10 am NAHB home builders' index Sept. -- 49

TUESDAY, SEPT. 20
8:30 am Building permits (SAAR) Aug. -- 1.69 million
8:30 am Housing starts (SAAR) Aug. -- 1.45 million

WEDNESDAY, SEPT. 21
10 am Existing home sales (SAAR) Aug. -- 4.81 million
2 pm Federal Reserve statement -- 2.25-2.50%
2:30 pm Fed Chair Jerome Powell news conference

THURSDAY, SEPT. 22
8:30 am Initial jobless claims Sept. 17 -- N/A
8:30 am Continuing jobless claims Sept. 10 -- N/A
8:30 am Current account deficit (% of GDP) Q2 -- -4.8%
10 am Leading economic indicators Aug. -- -0.4%

FRIDAY, SEPT. 23
9:45 am S&P U.S. manufacturing PMI (flash) Sept. -- 51.5
9:45 am S&P U.S. services PMI (flash) Sept. -- 43.7

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

Economic outlook

Up next for the markets: September 19 – September 23

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

Sep 13, 2022 | 3 min read

• Amid rising mortgage rates and soaring inflation the state of the real estate market will be on display this week with a bevy of housing data slated for release.
• Also on tap this week are the S&P Global Manufacturing, Composite, and Services PMI Flashes for September, giving investors a read on productivity at the nation’s manufacturers.

The real estate market has been taking a hit in recent months as the Federal Reserve raises interest rates in an attempt to cool inflation. The scope of that impact on real estate will be more evident this week, with several housing market reports on tap.

First out of the gate is the NAHB/Wells Fargo Housing Market Index for September, which tracks sales of new homes and demand from would-be buyers. The index reading has been falling for months now, as builders deal with rising mortgage rates, supply chain delays and pricey homes. Following on the heels of that is the housing starts report for August. This report tracks the number of new residential construction projects each month and is expected to be lower in August. Finally, existing home sales for August will round out the week’s real estate data.

Also on the economic calendar are jobless claims for the previous week and the S&P Global Manufacturing, Composite, and Services Purchasing Managers’ Index (PMI) Flashes for September. The latter should give the market a read on how the nation’s manufactures are performing amid high inflation while the economy shows signs of a pullback.

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