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Economy
Related: About this forumNext week's major U.S. economic reports (December 12 - December 16)
MarketWatch updates the schedule throughout the week. Check their site for revisions.
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
MONDAY, DEC. 12
11 am NY Fed 1-year inflation expectations Nov. -- 5.9%
11 am NY Fed 5-year inflation expectations Nov. -- 2.4%
2 pm Federal budget (compared with Nov. 2021) Nov. -- -$191 billion
TUESDAY, DEC. 13
6 am NFIB small-business index Nov. -- 91.3
8:30 am Consumer price index Nov. -- 0.4%
8:30 am Core CPI Nov. -- 0.3%
8:30 am CPI (year-on-year) Nov. -- 7.8%
8:30 am Core CPI (year-on-year) Nov. -- 6.3%
8:30 am CPI excluding shelter (3-month rolling annualized rate) Nov. -- 1.4%
WEDNESDAY, DEC. 14
8:30 am Import price index Nov. -- -0.2%
2 pm Federal funds rate announcement -- 3.75%-4.00%
2 pm SEP median federal funds rate for end of 2023 -- 4.50%-4.75%
2:30 pm Fed Chair Jerome Powell news conference
THURSDAY, DEC. 15
8:30 am Initial jobless claims Dec. 10 -- N/A
8:30 am Continuing jobless claims Dec. 3 -- N/A
8:30 am Retail sales Nov. -- 1.3%
8:30 am Retail sales excluding motor vehicles Nov. -- 1.3%
8:30 am Empire state manufacturing index Dec. -- 4.5
8:30 am Philadelphia Fed manufacturing index Dec. -- -19.4
9:15 am Industrial production index Nov. -- -0.1%
9:15 am Capacity utilization rate Nov. -- 79.9%
10 am Business inventories Nov. -- 0.4%
FRIDAY, DEC. 16
9:45 am S&P U.S. manufacturing PMI (flash) Dec. -- 47.7
9:45 am S&P U.S. services PMI (flash) Dec. -- xx
MONDAY, DEC. 12
11 am NY Fed 1-year inflation expectations Nov. -- 5.9%
11 am NY Fed 5-year inflation expectations Nov. -- 2.4%
2 pm Federal budget (compared with Nov. 2021) Nov. -- -$191 billion
TUESDAY, DEC. 13
6 am NFIB small-business index Nov. -- 91.3
8:30 am Consumer price index Nov. -- 0.4%
8:30 am Core CPI Nov. -- 0.3%
8:30 am CPI (year-on-year) Nov. -- 7.8%
8:30 am Core CPI (year-on-year) Nov. -- 6.3%
8:30 am CPI excluding shelter (3-month rolling annualized rate) Nov. -- 1.4%
WEDNESDAY, DEC. 14
8:30 am Import price index Nov. -- -0.2%
2 pm Federal funds rate announcement -- 3.75%-4.00%
2 pm SEP median federal funds rate for end of 2023 -- 4.50%-4.75%
2:30 pm Fed Chair Jerome Powell news conference
THURSDAY, DEC. 15
8:30 am Initial jobless claims Dec. 10 -- N/A
8:30 am Continuing jobless claims Dec. 3 -- N/A
8:30 am Retail sales Nov. -- 1.3%
8:30 am Retail sales excluding motor vehicles Nov. -- 1.3%
8:30 am Empire state manufacturing index Dec. -- 4.5
8:30 am Philadelphia Fed manufacturing index Dec. -- -19.4
9:15 am Industrial production index Nov. -- -0.1%
9:15 am Capacity utilization rate Nov. -- 79.9%
10 am Business inventories Nov. -- 0.4%
FRIDAY, DEC. 16
9:45 am S&P U.S. manufacturing PMI (flash) Dec. -- 47.7
9:45 am S&P U.S. services PMI (flash) Dec. -- xx
https://www.chase.com/personal/investments/learning-and-insights/category/markets
I will edit the rest when I can.
Economic outlook
Up next for the markets: November 7 November 11
Alex Bova
Content and Communications, J.P. Morgan Wealth Management
Nov 02, 2022 | 3 min read
{snip}
Up next for the markets: November 7 November 11
Alex Bova
Content and Communications, J.P. Morgan Wealth Management
Nov 02, 2022 | 3 min read
{snip}
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Next week's major U.S. economic reports (December 12 - December 16) (Original Post)
mahatmakanejeeves
Dec 2022
OP
sprinkleeninow
(20,540 posts)1. Fed Chair News
Bull Durham
Wishful-Thinking
(109 posts)2. So if all of this holds true....
What is the expected stock market response?
mahatmakanejeeves
(60,665 posts)3. The market will fluctuate.
Maybe someone really did say that.
https://quoteinvestigator.com/2013/09/28/market-fluctuate/
progree
(11,463 posts)4. CPI excluding shelter (3-month rolling ANNUALIZED rate) ... Previous (Oct.): 1.4%
8:30 am CPI excluding shelter (3-month rolling annualized rate) Nov. -- 1.4%
The 1.4% is for the last period which was October (meaning 3 months through October).
That's very interesting. The whole friggin' CPI except for the shelter component, increased at an ANNUALIZED rate of 1.4% over the last 3 months (through October)
The whole CPI: https://data.bls.gov/timeseries/CUSR0000SA0
3 month annualized rate: +3.84% (calculated by taking the CPI level in October and the one in July)
One can see the rolling 3 month increase (GRAPH and table) by:
Click on "More Formatting Options" on the upper right, and on the page that shows up, click the 3 month checkbox:
The October number is a 3 month increase of 0.9% which when multiple by 4 (to annualize it) is 3.6% which approximately matches
Or more accurately: (1.009^4-1)*100% = 3.65%, also an approximate match to the 3.84%
This has shown a nice declining trend (except for the upturn in the last number (remember the below are 3 month increases NOT annualized):
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2022 1.9 2.0 2.7 2.4 2.6 2.6 2.3 1.4 0.5 0.9
CORE CPI: http://data.bls.gov/timeseries/CUSR0000SA0L1E
3 month annualized rate: +5.81% (calculated by taking the Core CPI level in October and the one in July)
Interesting, this has been rather stable (remember the below are 3 month increases NOT annualized):
YEAR Jan Feb Mar Apr May Jun Jul Aug Sep Oct
2022 1.7 1.7 1.4 1.4 1.5 1.9 1.7 1.6 1.5 1.4
To summarize, the 3 months increase ending October, annualized:
3.8% CPI
1.4% CPI less shelter
5.8% CORE CPI = CPI less food and energy