Latest News

Schedule for Week of December 12, 2021

0

by Calculated Risk on 12/11/2021 08:11:00 AM

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

For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys, will be released this week.

The FOMC meets this week, and the FOMC is expected to announce a faster taper pace for asset purchases.

—– Monday, December 13th —–

No major economic releases scheduled.

—– Tuesday, December 14th —–

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

8:30 AM: The Producer Price Index for November from the BLS. The consensus is for a 0.6% increase in PPI, and a 0.5% increase in core PPI.

—– Wednesday, December 15th —–

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

8:30 AM ET: Retail sales for November will be released. The consensus is for a 1.4% increase in retail sales.

This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).

8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 25.0, down from 30.9.

10:00 AM: The December NAHB homebuilder survey. The consensus is for a reading of 84, up from 83. Any number above 50 indicates that more builders view sales conditions as good than poor.

2:00 PM: FOMC Meeting Announcement. The FOMC is expected to announce a faster taper pace for asset purchases.

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, December 16th —–

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 200 thousand initial claims, up from 184 thousand last week.

8:30 AM: Housing Starts for November.

This graph shows single and multi-family housing starts since 1968.

The consensus is for 1.570 million SAAR, up from 1.520 million SAAR.

8:30 AM: the Philly Fed manufacturing survey for December. The consensus is for a reading of 27.0, down from 39.0.

9:15 AM: The Fed will release Industrial Production and Capacity Utilization for November.

This graph shows industrial production since 1967.

The consensus is for a 0.7% increase in Industrial Production, and for Capacity Utilization to increase to 76.8%.

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

—– Friday, December 17th —–

10:00 AM: State Employment and Unemployment (Monthly) for November

Black Knight: Number of Mortgages in Forbearance Declines "Significantly"

Previous article

Real Estate Newsletter Articles this Week

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News