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Fri Jul 22, 2022, 11:28 AM

This week's major U.S. economic reports (July 25 - July 29)

Next Friday is really consequential, but we'll have big announcements all week.

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

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, JULY 25
8:30 am Chicago Fed national activity index June -- 0.01

TUESDAY, JULY 26
9 am S&P Case-Shiller national home price index (year-over-year) May -- 20.4%
10 am Consumer confidence index July -- 98.7
10 am New home sales (SAAR) June -- 696,000

WEDNESDAY, JULY 27
8:30 am Durable goods orders June -- 0.8%
8:30 am Core capital equipment orders June -- 0.6%
8:30 am Advance report on trade in goods June -- -$104.3 billion
10 am Pending home sales index June -- 0.7%
2 pm Fed funds target rate -- 1.5%-1.75%
2:30 pm Fed Chair Jerome Powell press conference

THURSDAY, JULY 28
8:30 am Gross domestic product, first release (SAAR) Q2 -- -1.6%
8:30 am Final sales to domestic purchasers (SAAR) Q2 -- 2.0%
8:30 am Initial jobless claims July 23 -- N/A
8:30 am Continuing jobless claims July 16 -- N/A

FRIDAY, JULY 29
8:30 am PCE inflation index June -- 0.6%
8:30 am Core PCE price index June -- 0.3%
8:30 am PCE price index (year-over-year) June -- 6.3%
8:30 am Core PCE price index (year-over-year) June -- 4.7%
8:30 am Real disposable income June -- -0.1%
8:30 am Real consumer spending June -- -0.4%
8:30 am Nominal personal income June -- 0.5%
8:30 am Nominal consumer spending June -- 0.2%
8:30 am Employment cost index Q2 -- 1.4%
9:45 am Chicago PMI July -- 56.0
10 am UMich consumer sentiment index (final) July -- 51.1
10 am UMich 5-year inflation expectations (final) July -- 2.8%

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

Economic outlook

Up Next for the Markets: July 25 – July 29

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

Jul 19, 2022 | 3 min read

• All eyes will be on the Federal Reserve this week as it makes another decision concerning rate hikes during its monthly FOMC meeting.

• The impact of rising mortgage rates and what’s going on in the real estate market will also be in focus.

Inflation is soaring, unemployment remains low by historical standards and the Federal Reserve is raising interest rates in an attempt to cool down the economy. The central bank’s latest policy move will be revealed this week when the Fed holds its Federal Open Market Committee meeting. Investors are anticipating the Fed will enact another rate hike of 75-basis-points or higher, which will impact the stock market.

Investors will also look for more insight into how the housing market is faring amid rising mortgage rates, as new residential sales for June are slated for release this week. Rounding out the key economic news are factory orders for June, weekly jobless claims and the Personal Consumption Expenditures Price Index for June. Zooming out, investors should be able to gain a clearer idea of what is happening to the U.S. economy amid record high inflation.

{snip}

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