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Saturday, October 03, 2020

Schedule for Week of October 4, 2020

by Calculated Risk on 10/03/2020 08:28:00 AM

The key indicators this week include the September ISM Services index, August Job Openings, and the August trade deficit.

Fed Chair Jerome Powell speaks on the Economic Outlook.

----- Monday, October 5th -----

10:00 AM: the ISM Services Index for September.

----- Tuesday, October 6th -----

U.S. Trade Deficit8:30 AM: Trade Balance report for August from the Census Bureau.  The consensus is for the deficit to be $66.2 billion in August, from $63.6 billion in July.

This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.

8:00 AM ET: Corelogic House Price index for August

Job Openings and Labor Turnover Survey10:00 AM: Job Openings and Labor Turnover Survey for August 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 in July to 6.618 million from 6.001 million in June.

The number of job openings (yellow) were down 8.5% year-over-year, and Quits were down 18% year-over-year.

10:40 AM: Speech by Fed Chair Jerome Powell, Economic Outlook, At the National Association for Business Economics Annual Meeting

----- Wednesday, October 7th -----

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

2:00 PM: FOMC Minutes, Meeting of September 15-16, 2020

----- Thursday, October 8th -----

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

8:30 AM: The initial weekly unemployment claims report will be released. Initial claims were 837 thousand the previous week.

----- Friday, October 9th -----

No major economic releases scheduled.