Saturday, December 07, 2019

Schedule for Week of December 8, 2019

by Calculated Risk on 12/07/2019 08:11:00 AM

The key economic reports this week are November CPI and Retail Sales.

The FOMC meets this week, and no change to policy is expected.

----- Monday, Dec 9th -----

No major economic releases scheduled.

----- Tuesday, Dec 10th -----

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

----- Wednesday, Dec 11th -----

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 0.2% increase in CPI, and a 0.2% increase in core CPI.

2:00 PM: FOMC Meeting Announcement. No change to policy is expected 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 Jerome Powell holds a press briefing following the FOMC announcement.

----- Thursday, Dec 12th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 212,000 initial claims, up from 203,000 last week.

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

12:00 PM: Q3 Flow of Funds Accounts of the United States from the Federal Reserve.

----- Friday, Dec 13th -----

Year-over-year change in Retail Sales8:30 AM ET: Retail sales for November will be released.  The consensus is for a 0.4% increase in retail sales.

This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 3.9% on a YoY basis.