This week's major U.S. economic reports (February 21 - February 25)

[mahatmakanejeeves]

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

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, FEB. 21
Presidents Day holiday - None scheduled

TUESDAY, FEB. 22
9 am S&P Case-Shiller home price index (year-over-year change) Dec. -- 18.8%
9 am FHFA home price index (year-over-year change) Dec. -- 17.6%
9:45 am Markit manufacturing PMI (flash) Feb. 56.0 55.5
9:45 am Markit services PMI (flash) Feb. 52.2 51.2
10 am Consumer confidence index Feb. 109.5 113.8

WEDNESDAY, FEB. 23
None scheduled

THURSDAY, FEB. 24
8:30 am Initial jobless claims Feb. 19 234,000 248,000
8:30 am Continuing jobless claims Feb. 12 -- 1.59 million
8:30 am Gross domestic product revision (SAAR) Q4 6.9% 6.9%
8:30 am Gross domestic income (SAAR) Q4 -- 5.8%
10 am New home sales Jan. 806,000 811,000

FRIDAY, FEB. 25
8:30 am Nominal personal income Jan. -0.3% 0.3%
8:30 am Nominal consumer spending Jan. 1.5% -0.6%
8:30 am PCE inflation (monthly) Jan. -- 0.4%
8:30 am Core inflation (monthly) Jan. 0.5% 0.5%
8:30 am PCE inflation (year-over-year) Jan. -- 5.8%
8:30 am Real disposable income Jan. -- -0.2%
8:30 am Real consumer spending Jan. -- -1.0%
10 am UMich consumer sentiment (final) Feb. 61.6 61.7
10 am 5-year inflation expectations (final) Feb. -- 3.1%
10 am Pending home sales Jan. 0.8% -3.1%

https://www.chase.com/personal/investments/learning-and-insights/category/markets

Economic outlook

Up next for the markets: February 21 - February 25

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

Feb 16, 2022 | 2 min read

• Investors will get more insight into how the economy is faring amid declining omicron cases when key economic data points are released next week.
• Manufacturing and services output for February and durable goods for January are on the agenda, providing more clarity into consumer demand.

With cases of omicron on the decline, investors want to know if consumer demand is holding up. They get insight into that this week when key economic data concerning demand is released including the U.S. manufacturing and services Purchasing Managers’ Index (PMI) for February. This leading indicator tracks new orders during the month.

The report on durable goods for January is also due. This measures the number of new orders for appliances, cars and other high-priced items placed in a given month. The housing market will also be of interest this week with the Case-Shiller/S&P Home Price Index for January and weekly mortgage applications slated for release.

{snip}

[KPN]

1. Thanks for posting!

[mahatmakanejeeves]

2. De nada. Thanks for the thanks.

This is the stuff that determines who will have a majority in the House come November.

[mahatmakanejeeves]

3. PCE inflation, consumer confidence: What to know this week

Yahoo Finance

PCE inflation, consumer confidence: What to know this week

Emily McCormick · Reporter
Sun, February 20, 2022, 11:43 AM

After stocks endured a second straight week of selling last week, investors will be looking to a slate of fresh economic and earnings data as a catalyst for a potential reprieve.

The U.S. stock and bond markets will be closed Monday in observance of the Presidents Day holiday, so new data releases will be consolidated to the later part of the week. And updates on tensions in Russia and Ukraine will also remain in focus throughout the week after stocks sank to their lowest levels in a month on Friday, amid concerns about the escalating geopolitical conflict.

While the emerging threat of military conflict has overshadowed many other worries in the markets, inflation has still remained a central issue for investors. Inflation has implications both in informing the speed at which the Federal Reserve tightens monetary policy, and the extent to which consumers pull back on spending and slow overall economic activity in response to rising prices.

{snip}

On Friday, the Bureau of Economic Analysis will release its monthly personal consumption expenditures (PCE) deflator, offering a fresh print on the extent of price increases across the recovering economy. ... Consensus economists expect the PCE to post a rise of another 0.6% in January, according to Bloomberg data, accelerating from December's 0.4% increase. This would represent a 14th consecutive monthly increase, and bring the index up by 6.0% on a year-over-year basis. This, in turn, would mark the fastest increase since 1982, and also accelerate from December's 5.8% annual rise.

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[progree]

4. "Consensus economists expect the PCE to post a rise of *ANOTHER* 0.6% in January"

lots of accelerating, accelerate, and fastest, but no jumping or soaring