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mahatmakanejeeves

(57,437 posts)
Mon Jun 27, 2022, 07:17 AM Jun 2022

This week's major U.S. economic reports (June 27 - July 1)

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

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, JUNE 27
8:30 am Durable goods orders May 0.2% 0.5%
8:30 am Core capital goods orders May -- 0.8%
10 am Pending home sales index May -4.0% -3.9%

TUESDAY, JUNE 28
8 am Richmond Fed President Tom Barkin speaks
8:30 am Trade in goods (advance) May -- -$105.9 billion
9 am S&P Case-Shiller U.S. home price index (year-over-year) April -- 20.6%
10 am Consumer confidence index June 101.1 106.4
12:30 pm San Francisco Fed President Mary Daly speaks

WEDNESDAY, JUNE 29
8:30 am Gross domestic product revision (SAAR) Q1 -1.5% -1.5%
8:30 am Final domestic demand revision (SAAR) Q1 -- 2.7%
8:30 am Gross domestic income revision (SAAR) Q1 -- 2.1%
9 am Federal Reserve Chair Jerome Powell, ECB President Christine Lagarde, Bank of England President Andrew Bailey and BIS head Augustin Carstens speak at ECB conference
11:30 am Cleveland Fed President Loretta Mester speaks at ECB conference
1:05 pm St. Louis Fed President James Bullard gives opening remarks

THURSDAY, JUNE 30
8:30 am PCE inflation (monthly) May -- 0.2%
8:30 am Core PCE inflation (monthly) May 0.4% 0.3%
8:30 am PCE inflation (year-over-year) May -- 6.3%
8:30 am Core PCE inflation (year-over-year) May 4.7% 4.9%
8:30 am Real disposable income May -- 0.0%
8:30 am Real consumer spending May -- 0.7%
8:30 am Nominal personal income May 0.5% 0.4%
8:30 am Nominal consumer spending May 0.4% 0.9%
8:30 am Initial jobless claims June 25 227,000 229,000
8:30 am Continuing jobless claims June 18 -- 1.32 million
9:45 am Chicago PMI June -- 60.3

FRIDAY, JULY 1
9:45 am S&P Global U.S. manufacturing PMI (final) June -- 52.4
10 am ISM manufacturing index June 54.9% 56.1%
10 am Construction spending May 0.4% 0.2%

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

Economic outlook

Up next for the markets: June 27 – July 1

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

Jun 21, 2022 | 3 min read

• Investors will look to gain further insight into how inflation and rising rates are impacting the economy.

• This week's durable goods and manufacturing reports will give the market a close look at how certain sectors are performing.

Inflation is soaring, the Federal Reserve is raising rates in response and gas prices are at record highs, pressuring consumer spending. The impact on the broader economy will be on display this week as the durable goods report for May is due. This tracks orders, shipments and inventories of durable goods at the nation’s manufacturers. A decrease in orders would signal consumers and businesses are holding back spending. An increase means they are taking inflation in stride. Also scheduled for release this week are the S&P Global Manufacturing, Composite, and Services PMIs for June. Both measure manufacturing and services productivity. Rounding out the economic news for the week are the S&P CoreLogic Case-Shiller Home Price Index, consumer confidence reading for June, weekly jobless claims and mortgage applications.

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