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Saturday, June 06, 2020

Schedule for Week of June 7, 2020

by Calculated Risk on 6/06/2020 08:11:00 AM

The key report this week is CPI.

The FOMC meets on Tuesday and Wednesday, and are expected to release updated economic projections on Wednesday.

----- Monday, June 8th -----

No major economic releases scheduled.

----- Tuesday, June 9th -----

6:00 AM ET: NFIB Small Business Optimism Index for May.

Job Openings and Labor Turnover Survey10:00 AM ET: Job Openings and Labor Turnover Survey for April 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 decreased in March to 6.191 million from 7.004 million in February.

The number of job openings (yellow) were down 16% year-over-year, and Quits were down 21% year-over-year.

2:15 PM,  (11:15 AM PT) June 2020 Market & Economic Update. Free Registration Link for June 2020 Market & Economic Update.

----- Wednesday, June 10th -----

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 May from the BLS. The consensus is for 0.1% decrease in CPI, and a 0.1% decrease 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, June 11th -----

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a 1.200 million initial claims, down from 1.877 million the previous week.

8:30 AM: The Producer Price Index for May from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.1% decrease in core PPI.

12:00 PM: Q1 Flow of Funds Accounts of the United States from the Federal Reserve.

----- Friday, June 12th -----

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