by Calculated Risk on 10/21/2023 08:11:00 AM

The key reports this week are the advance estimate of Q3 GDP and September New Home sales.

Another key indicator is Personal Income and Outlays and PCE prices for September.

For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week.

----- Monday, October 23rd -----
8:30 AM ET: Chicago Fed National Activity Index for September. This is a composite index of other data.

----- Tuesday, October 24th -----
10:00 AM: Richmond Fed Survey of Manufacturing Activity for October.

----- Wednesday, October 25th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

10:00 AM: New Home Sales for September from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.

The consensus is for 679 thousand SAAR, up from 675 thousand in August.

4:35 PM: Speech, Fed Chair Jerome Powell, Introductory Remarks, At the 2023 Moynihan Lecture in Social Science and Public Policy, Washington, D.C.

----- Thursday, October 26th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 205 thousand initial claims, up from 198 thousand last week.

8:30 AM: Gross Domestic Product, 3rd quarter 2022 (advance estimate). The consensus is that real GDP increased 4.1% annualized in Q3, up from 2.1% in Q2.

8:30 AM ET: Durable Goods Orders for September from the Census Bureau. The consensus is for a 0.6% increase in durable goods orders.

11:00 AM: Kansas City Fed Survey of Manufacturing Activity for October.

10:00 AM: Pending Home Sales Index for September. The consensus is 1.0% increase in the index.

----- Friday, October 27th -----
8:30 AM ET: Personal Income and Outlays for September. The consensus is for a 0.4% increase in personal income, and for a 0.3% increase in personal spending. And for the Core PCE price index to increase 0.3%. PCE prices are expected to be up 3.4% YoY, and core PCE prices up 3.7% YoY.

10:00 AM: University of Michigan's Consumer sentiment index (Final for October). The consensus is for a reading of 63.2.