THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, SEPT. 26
8:30 am Chicago Fed national activity index Aug. -- 0.27
10 am Boston Fed President Susan Collins speaks
12 noon Atlanta Fed President Raphael Bostic speaks on wealth inequality
12:30 pm Dallas Fed President Lorie Logan speaks
4 pm Cleveland Fed President Loretta Mester speaks

TUESDAY, SEPT. 27
6:15 am Chicago Fed President Charles Evans speaks
7:30 am Fed Chair Jerome Powell speaks on digital finance
8:30 am Durable goods orders Aug. -1.2% -0.1%
8:30 am Core capital goods orders Aug. -- 0.3%
8:35 am San Francisco Fed President Mary Daly speaks
9 am S&P Case Shiller U.S. home price index (SAAR) July -- 4.0%
9 am FHFA U.S. home price index (SAAR) July -- 1.0%
9:55 am St. Louis Fed President James Bullard speaks
10 am Consumer confidence index Sept. 104.5 103.2
10 am New home sales (SAAR) Aug. 505,000 511,000

WEDNESDAY, SEPT. 28
8:30 am Trade in goods, advance report Aug. -- -$89.1 billion
8:35 am Atlanta Fed President Raphael Bostic speaks
10 am Pending home sales index Aug. -- -1.0%
10:15 am Fed Chair Jerome Powell delivers opening remarks
11 am Fed Gov. Michelle Bowman speaks on bank competition
2 pm Chicago Fed President Charles Evans speaks

THURSDAY, SEPT. 29
8:30 am Initial jobless claims Sept. 24 -- 213,000
8:30 am Continuing jobless claims Sept. 17 -- 1.38 million
8:30 am Real gross domestic product revision (SAAR) Q2 -0.6% -0.6%
8:30 am Real gross domestic income revision (SAAR) Q2 -- 1.4%
8:30 am Real final sales to domestic purchasers (SAAR) Q2 -- -0.2%
9:30 am St. Louis Fed President James Bullard speaks

FRIDAY, SEPT. 30
8:30 am PCE price index Aug. -- -0.1%
8:30 am Core PCE price index Aug. 0.5% 0.1%
8:30 am PCE price index (year-on-year) Aug. -- 6.3%
8:30 am Core PCE price index (year-on-year) Aug. 4.7% 4.6%
8:30 am Real consumer spending Aug. -- 0.2%
8:30 am Real disposable incomes Aug. -- 0.3%
9 am Fed Vice Chair Lael Brainard speaks
9:45 am Chicago PMI Sept. 52.0 52.2
10 am UMich consumer sentiment index (late) Aug. 59.5 59.5
10 am UMich 5-year expected inflation (late) Aug. -- 2.8%
11 am Fed Gov. Michelle Bowman speaks on bank supervision
12:30 pm Richmond Fed President Tom Barkin speaks on what's driving inflation
4:15 pm New York Fed President John Williams speaks on financial stability

Economic outlook

Up next for the markets: September 26 - September 30

James Chen
Head of Content Studio, J.P. Morgan Wealth Management

Sep 20, 2022 | 2 min read

• Investors will get a better sense as to how the housing market is holding up in the face of rising mortgage rates with the S&P CoreLogic Case-Shiller Home Price Index and August’s pending home sales report slated for release.

• Also on tap next week is the durable goods report as well as personal income and outlays for August.

Mortgage rates are rising, inflation remains elevated and the Fed is expected to continue hiking interest rates in a bid to rein in price increases. All of that is having an impact on economic activity. The full extent of that impact will be further evident next week with a bevy of economic data on the calendar.

First out of the gate is the advanced report on durable goods for August. Issued by the U.S. Census Bureau, this report should give investors a better idea of how the nation’s manufacturers are faring. If July’s numbers are any indication, durable goods orders could decline further.

On the housing front, investors will look to gain a clearer understanding of how rising mortgage rates are impacting real estate demand. The S&P CoreLogic Case-Shiller Index and the report on pending home sales for August are both on the schedule for next week. Together they should give investors a better idea of how much demand has slowed amid higher borrowing costs.

Rounding out the economic news for the week is jobless claims as well as personal income and outlays for August.

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