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Saturday, March 19, 2022

Schedule for Week of March 20, 2022

by Calculated Risk on 3/19/2022 08:11:00 AM

The key report this week is February New Home sales.

For manufacturing, the March Richmond and Kansas City manufacturing surveys will be released.

Also Fed Chair Powell speaks on the economic outlook, and Fed Governor Waller discusses the U.S. housing market.

----- Monday, March 21st -----

8:30 AM ET: Chicago Fed National Activity Index for February. This is a composite index of other data.

12:00 PM: Speech, Fed Chair Powell, Economic Outlook, At the National Association for Business Economics (NABE) Annual Economic Policy Conference, Washington, D.C

----- Tuesday, March 22nd -----

10:00 AM: Richmond Fed Survey of Manufacturing Activity for March.

----- Wednesday, March 23rd -----

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

8:00 AM: Discussion, Fed Chair Powell, Panel on Emerging Challenges for Central Bank Governors in a Digital World, At the Bank for International Settlements (BIS) Innovation Summit 2022 (Virtual)

New Home Sales10:00 AM: New Home Sales for February from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.

The consensus is for 815 thousand SAAR, up from 801 thousand in January.

During the day: The AIA's Architecture Billings Index for February (a leading indicator for commercial real estate).

----- Thursday, March 24th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for an increase to 215 thousand from 214 thousand last week.

8:30 AM: Durable Goods Orders for February from the Census Bureau. The consensus is for a 0.5% dncrease in durable goods orders.

9:10 AM: Discussion, Fed Governor Waller, U.S. Housing Market, At the Tel Aviv University and Rutgers University Webinar: Recent Fiscal and Monetary Policies and Implications for US and Israeli Real Estate Markets (Virtual)

11:00 AM: the Kansas City Fed manufacturing survey for March.

----- Friday, March 25th -----

10:00 AM: Pending Home Sales Index for February. The consensus is for a 1.5% increase in the index.

10:00 AM: University of Michigan's Consumer sentiment index (Final for March). The consensus is for a reading of 59.7.

10:00 AM: State Employment and Unemployment (Monthly), February 2022