This week's major U.S. economic reports (January 24 - January 28)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, JAN. 24
9:45 am Markit manufacturing PMI (flash) Jan. -- 57.7
9:45 am Markit services PMI (flash) Jan. -- 57.6
TUESDAY, JAN. 25
9 am S&P Case-Shiller national home price index (year-over-year change) Nov. -- 19.1%
9 am FHFA national home price index (year-over-year change) Nov. -- 17.4%
10 am Consumer confidence index Jan. -- 115.8
WEDNESDAY, JAN. 26
8:30 am Advance report on trade in goods Dec. -- $97.8 billion
10 am New home sales starts (SAAR) Dec. -- 744,000
2 pm FOMC statement
2:30 pm Fed Chair Jerome Powell news conference
THURSDAY, JAN. 27
8:30 am Initial jobless claims (regular state program) Jan. 22 -- N/A
8:30 am Continuing jobless claims (regular state program) Jan. 15 -- N/A
8:30 am Gross domestic product (SAAR) Q4 -- 2.3%
8:30 am Final sales of domestic product (SAAR) Q4 -- 0.1%
8:30 am Durable goods orders Dec. -- 2.6%
8:30 am Core capital equipment orders Dec. -- 0.0%
10 am Pending home sales index Dec. -- -2.2%
FRIDAY, JAN. 28
8:30 am Real disposable incomes Dec. -- -0.2%
8:30 am Real consumer spending Dec. -- 0.0%
8:30 am PCE inflation (month-to-month change) Dec. -- 0.6%
8:30 am Core PCE inflation (month-to-month change) Dec. -- 0.5%
8:30 am PCE inflation (year-over-year change) Dec. -- 5.7%
8:30 am Core PCE inflation (year-over-year change) Dec. -- 4.7%
8:30 am Personal income (nominal) Dec. -- 0.4%
8:30 am Consumer spending (nominal) Dec. -- 0.6%
8:30 am Employment cost index Q4 -- 1.3%
10 am UMich consumer sentiment index (final) Jan. -- 68.8
10 am UMich 5-year inflation expectations (final) Jan. -- 3.1%
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Economic outlook
Up next for the markets: January 24 - January 28
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Jan 20, 2022 | 2 min read
Consumers feelings about the economy, their job prospects and spending amid COVID-19 will be on the agenda.
This week investors will get a sense of consumer sentiment for the start of 2022 as the Consumer Confidence Index for January, Consumer Spending for December and a final reading on Consumer Sentiment in January will be released.
Manufacturing and services PMI, durable goods, initial and existing unemployment claims, and the Feds policy meeting are also due next week.
Investors will get more insight this week into how consumers felt about the economy and spending while the number of COVID-19 cases continued to rise. The Consumer Confidence Index for January, which tracks how consumers feel about their finances, and the final reading for Consumer Sentiment in January will provide much-needed insight. So too will data surrounding consumer spending and durable goods for December.
Also on tap this week is the manufacturing and services Purchasing Managers Index (PMI) flash surveys for January, the FOMC meeting, and initial and existing unemployment claims. Taken together, investors should have a better idea of where the economy is heading as we approach the second month of the new year.
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