This week's major U.S. economic reports (March 7 - March 11)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MARCH 7
3 pm Consumer credit Jan. $24 billion $19 billion
TUESDAY, MARCH 8
6 am NFIB small-business index Feb. 97.4 97.1
8:30 am Foreign trade deficit Jan. -$87.3 billion -$80.7 billion
10 am Wholesale inventories (revision) Jan. 0.8% 0.8%
WEDNESDAY, MARCH 9
10 am Job openings Jan. 11 million 10.9 million
10 am Quits Jan. -- 4.4 million
THURSDAY, MARCH 10
8:30 am Initial jobless claims March 5 220,000 215,000
8:30 am Continuing jobless claims Feb. 26 -- 1.48 million
8:30 am Consumer price index Feb. 0.7% 0.6%
8:30 am Core CPI Feb. 0.5% 0.6%
8:30 am CPI (year-over-year Feb. 7.8% 7.5%
8:30 am Core CPI (year-over-year) Feb. 6.4% 6.0%
1 pm Real domestic nonfinancial debt (SAAR) Q4 -- -2.8%
1 pm Real household wealth (SAAR) Q4 -- 1.4%
2 pm Federal budget deficit Feb. -- -$311 billion
FRIDAY, MARCH 11
10 am UMich consumer sentiment index (preliminary) March 62.3 62.8
10 am Five-year inflation expectations (preliminary) March -- 3.0%
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Economic outlook
Up next for the markets: March 7 - March 11
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
Mar 02, 2022 | 2 min read
How consumers are feeling about their spending will be on full display this week with the consumer credit, small business confidence and consumer sentiment reports scheduled for release.
Also on the calendar next week are the Jobs Opening and Labor Turnover Survey and initial and existing unemployment claims.
Investors will get more insight into how consumers are feeling about the economy and their bank accounts with key consumer-focused economic data slated to be released this week.
During the week, the Federal Reserve will release the change in consumer credit during January, the NFIB will issue the Small Business Optimism Index for February and the University of Michigan will give its preliminary read on consumer sentiment for the current month. Put together, investors should get a better idea of how consumer spending is doing with the number of COVID-19 cases coming down but the rise in inflation continuing unabated. Also scheduled for the week are the Jobs Opening and Labor Turnover Survey for February and initial and continuing unemployment claims for the week prior.
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