by Calculated Risk on 7/09/2022 08:11:00 AM
The key reports this week are June CPI and retail sales.
For manufacturing, the June Industrial Production report and the July New York Fed manufacturing survey will be released.
No major economic releases scheduled.
6:00 AM ET: NFIB Small Business Optimism Index for June.
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 June from the BLS. The consensus is for a 1.1% increase in CPI, and a 0.6% increase in core CPI. The consensus is for CPI to be up 8.8% year-over-year and core CPI to be up 5.8% YoY.
2:00 PM: the Federal Reserve Beige Book, an informal review by the Federal Reserve Banks of current economic conditions in their Districts.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 230 thousand down from 235 thousand last week.
8:30 AM: The Producer Price Index for June from the BLS. The consensus is for a 0.8% increase in PPI, and a 0.5% increase in core PPI.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
Retail sales ex-gasoline were down 0.3% in May.
8:30 AM: The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of -2.6, down from -1.2.
This graph shows industrial production since 1967.
The consensus is for a no change in Industrial Production, and for Capacity Utilization to decrease to 80.4%.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for July).