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This week's major U.S. economic reports (March 21 - March 25)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MARCH 21
8 am Atlanta Fed President Raphael Bostic speaks
8:30 am Chicago Fed national activity index Feb. -- 0.69
12 noon Fed Chair Jerome Powell speaks at NABE conference
TUESDAY, MARCH 22
None scheduled
WEDNESDAY, MARCH 23
10 am New home sales (SAAR) Feb. 820,000 801,000
THURSDAY, MARCH 24
8:30 am Initial jobless claims March 19 213,000 214,000
8:30 am Continuing jobless claims March 12 -- 1.42 million
8:30 am Durable goods orders Feb. -0.5% 1.6%
8:30 am Core capital goods orders Feb. -- 1.0%
8:30 am Current account deficit Q4 -$220 billion -$215 billion
9:45 am Markit manufacturing PMI (flash) March 56.8 57.3
9:45 am Markit services PMI (flash) March 56.8 56.5
FRIDAY, MARCH 25
10 am UMich consumer sentiment index (final) March 59.6 59.7
10 am 5-year inflation expectations (final) March -- 3.0%
10 am Pending home sales index Feb. 0.0%-- -5.7%
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MARCH 21
8 am Atlanta Fed President Raphael Bostic speaks
8:30 am Chicago Fed national activity index Feb. -- 0.69
12 noon Fed Chair Jerome Powell speaks at NABE conference
TUESDAY, MARCH 22
None scheduled
WEDNESDAY, MARCH 23
10 am New home sales (SAAR) Feb. 820,000 801,000
THURSDAY, MARCH 24
8:30 am Initial jobless claims March 19 213,000 214,000
8:30 am Continuing jobless claims March 12 -- 1.42 million
8:30 am Durable goods orders Feb. -0.5% 1.6%
8:30 am Core capital goods orders Feb. -- 1.0%
8:30 am Current account deficit Q4 -$220 billion -$215 billion
9:45 am Markit manufacturing PMI (flash) March 56.8 57.3
9:45 am Markit services PMI (flash) March 56.8 56.5
FRIDAY, MARCH 25
10 am UMich consumer sentiment index (final) March 59.6 59.7
10 am 5-year inflation expectations (final) March -- 3.0%
10 am Pending home sales index Feb. 0.0%-- -5.7%
https://www.chase.com/personal/investments/learning-and-insights/category/markets
Economic outlook
Up next for the markets: March 21 - March 25
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Mar 16, 2022 | 2 min read
• Consumers feelings regarding their finances and the broader economy will be front and center this week amid geopolitical unrest and soaring inflation, with new home sales, durable goods, the Johnson Redbook and consumer sentiment all set for release.
• As COVID-19 case numbers continue to wane and the omicron variant’s impact moves into the rearview, investors will be paying close attention to jobless claims amid an extremely tight labor market that has seen more job openings than layoffs recently.
Inflation is soaring and oil prices are spiking following widespread sanctions brought against the Russian fossil fuels sector, sending gas prices to near-record highs. Analysts expect both inflation and rising commodity prices to weigh on consumer spending and sentiment.
The market will get a broader look at the impact of the geopolitical unrest, with a series of consumer-focused economic data points scheduled for release. One such item is the Johnson Redbook Index, which samples thousands of U.S. retailers to track same-store sales. When the reading falls, it indicates consumers are reigning in spending. The durable goods report, which tracks orders and shipments of big-ticket items, and new home sales from last month are also due. Both reports provide further insight into consumer demand.
Initial and existing jobless claims will also be published, which measures how many people are out of work at any given time. Rounding out the week’s economic data, the University of Michigan is set to publish its final Consumer Sentiment Index reading for March, with recent surveys indicating inflation and rising oil prices are weighing on people’s minds.
{snip}
Up next for the markets: March 21 - March 25
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Mar 16, 2022 | 2 min read
• Consumers feelings regarding their finances and the broader economy will be front and center this week amid geopolitical unrest and soaring inflation, with new home sales, durable goods, the Johnson Redbook and consumer sentiment all set for release.
• As COVID-19 case numbers continue to wane and the omicron variant’s impact moves into the rearview, investors will be paying close attention to jobless claims amid an extremely tight labor market that has seen more job openings than layoffs recently.
Inflation is soaring and oil prices are spiking following widespread sanctions brought against the Russian fossil fuels sector, sending gas prices to near-record highs. Analysts expect both inflation and rising commodity prices to weigh on consumer spending and sentiment.
The market will get a broader look at the impact of the geopolitical unrest, with a series of consumer-focused economic data points scheduled for release. One such item is the Johnson Redbook Index, which samples thousands of U.S. retailers to track same-store sales. When the reading falls, it indicates consumers are reigning in spending. The durable goods report, which tracks orders and shipments of big-ticket items, and new home sales from last month are also due. Both reports provide further insight into consumer demand.
Initial and existing jobless claims will also be published, which measures how many people are out of work at any given time. Rounding out the week’s economic data, the University of Michigan is set to publish its final Consumer Sentiment Index reading for March, with recent surveys indicating inflation and rising oil prices are weighing on people’s minds.
{snip}