Saturday, July 07, 2018

Schedule for Week of July 8, 2018

by Bill McBride on 7/07/2018 08:11:00 AM

The key economic report this week is the June Consumer Price Index (CPI) on Thursday.

----- Monday, July 9th -----

3:00 PM: Consumer Credit from the Federal Reserve. The consensus is for consumer credit to increase $12.4 billion in May.

----- Tuesday, July 10th -----

6:00 AM: NFIB Small Business Optimism Index for June.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for May 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.

Job openings increased in April to 6.698 million from 6.633 million in March.

The number of job openings (yellow) were up 9.7% year-over-year, and Quits were up 9.1% year-over-year.

----- Wednesday, July 11th -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: The Producer Price Index for June from the BLS. The consensus is a 0.2% increase in PPI, and a 0.2% increase in core PPI.

----- Thursday, July 12th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 225 thousand initial claims, down from 231 thousand the previous week.

8:30 AM: The Consumer Price Index for June from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.

----- Friday, July 13th -----

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for July).

11:00 AM: Federal Reserve Monetary Policy Report to Congress