by Calculated Risk on 12/09/2017 08:09:00 AM
Saturday, December 09, 2017
The key economic reports this week are November retail sales and the Consumer Price Index (CPI).
For manufacturing, November industrial production, and the December New York Fed manufacturing survey will be released this week.
The FOMC meets this week and is expected to announce a 25bps increase in the Fed Funds rate.
10:00 AM ET: Job Openings and Labor Turnover Survey for October from the BLS.
This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.
Jobs openings increased slightly in September to 6.093 million from 6.090 in August.
The number of job openings (yellow) were up 7.5% year-over-year, and Quits were up 3.5% year-over-year.
6:00 AM ET: NFIB Small Business Optimism Index for November.
8:30 AM: The Producer Price Index for November from the BLS. The consensus is a 0.3% increase in PPI, and a 0.2% increase in core PPI.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The Consumer Price Index for November from the BLS. The consensus is for a 0.4% increase in CPI, and a 0.2% increase in core CPI.
2:00 PM: FOMC Meeting Announcement. The FOMC is expected to increase the Fed Funds rate 25 bps at this meeting.
2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
2:30 PM: Fed Chair Janet Yellen holds a press briefing following the FOMC announcement.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 239 thousand initial claims, up from 236 thousand the previous week.
8:30 AM ET: Retail sales for November be released. The consensus is for a 0.3% increase in retail sales.
This graph shows retail sales since 1992 through October 2017.
10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for October. The consensus is for a 0.1% decrease in inventories.
8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 18.0, down from 19.4.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for November.
This graph shows industrial production since 1967.
The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 77.2%.