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This week's major U.S. economic reports (May 9 - May 13)
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MAY 9
10 am Wholesale inventories (revision) March -- 2.5%
11 am Consumer 1-year inflation expecations Q1 -- 6.6%
11 am Consumer 3-year inflation expecations Q1 -- 3.7%
TUESDAY, MAY 10
6 am NFIB small-business index April -- 93.2
11 am Real household debt (SAAR) Q1 -- 2.5%
WEDNESDAY, MAY 11
8:30 am Consumer price index April -- 1.2%
8:30 am Core CPI April -- 0.3%
8:30 am CPI (year-over-year) April -- 8.6%
8:30 am Core CPI (year-over-year) April -- 6.4%
2 pm Federal budget April -- xx
THURSDAY, MAY 12
8:30 am Initial jobless claims May 7 -- N/A
8:30 am Continuing jobless claims April 30 -- N/A
8:30 am Producer price index (final demand) April -- 1.4%
FRIDAY, MAY 13
8:30 am Import price index April -- 2.6%
10 am UMich consumer sentiment index (preliminary) May -- 65.2
10 am UMich 5-year inflation expectations May -- 3.0%
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, MAY 9
10 am Wholesale inventories (revision) March -- 2.5%
11 am Consumer 1-year inflation expecations Q1 -- 6.6%
11 am Consumer 3-year inflation expecations Q1 -- 3.7%
TUESDAY, MAY 10
6 am NFIB small-business index April -- 93.2
11 am Real household debt (SAAR) Q1 -- 2.5%
WEDNESDAY, MAY 11
8:30 am Consumer price index April -- 1.2%
8:30 am Core CPI April -- 0.3%
8:30 am CPI (year-over-year) April -- 8.6%
8:30 am Core CPI (year-over-year) April -- 6.4%
2 pm Federal budget April -- xx
THURSDAY, MAY 12
8:30 am Initial jobless claims May 7 -- N/A
8:30 am Continuing jobless claims April 30 -- N/A
8:30 am Producer price index (final demand) April -- 1.4%
FRIDAY, MAY 13
8:30 am Import price index April -- 2.6%
10 am UMich consumer sentiment index (preliminary) May -- 65.2
10 am UMich 5-year inflation expectations May -- 3.0%
https://www.chase.com/personal/investments/learning-and-insights/category/markets
Economic outlook
Up next for the markets: May 9 – May 13
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
May 5, 2022 | 3 min read
• Investors will look to gain insight into how consumers and small businesses are feeling about the economy, with a bevy of consumer focused economic data points slated for release.
• The Consumer Price Index for April, the Survey of Consumer Expectations and consumer sentiment for May are scheduled for release this week.
Inflation is soaring, the labor market is tight and it's unclear how long the war in Ukraine will last or how big of an impact it's having on consumers. Investors will look to gain some insight into those economic conditions this week, as a series of key data points focused on consumers are slated for release.
First out of the gate will be the Survey of Consumer Expectations for April. Released by the Federal Reserve Bank of New York, it surveys consumers on where they think inflation is heading in the next year. If investors think inflation will continue to rise, they may hold back on spending.
Following on the heels of that is the NFIB Small Business Optimism Index, which polls small business owners and asks how they feel about their finances. Sentiment has been worsening in recent months thanks in large part to inflation.
On that same front, all eyes will be on the Consumer Price Index for April when it's released Wednesday. This tracks the rise in prices from the previous month and year. In March, inflation hit a 40-year high. Rounding out the economic news for the week is jobless claims, and the University of Michigan's consumer sentiment preliminary index for May.
{snip}
Up next for the markets: May 9 – May 13
James Chen
Head of Content Studio, J.P. Morgan Wealth Management
May 5, 2022 | 3 min read
• Investors will look to gain insight into how consumers and small businesses are feeling about the economy, with a bevy of consumer focused economic data points slated for release.
• The Consumer Price Index for April, the Survey of Consumer Expectations and consumer sentiment for May are scheduled for release this week.
Inflation is soaring, the labor market is tight and it's unclear how long the war in Ukraine will last or how big of an impact it's having on consumers. Investors will look to gain some insight into those economic conditions this week, as a series of key data points focused on consumers are slated for release.
First out of the gate will be the Survey of Consumer Expectations for April. Released by the Federal Reserve Bank of New York, it surveys consumers on where they think inflation is heading in the next year. If investors think inflation will continue to rise, they may hold back on spending.
Following on the heels of that is the NFIB Small Business Optimism Index, which polls small business owners and asks how they feel about their finances. Sentiment has been worsening in recent months thanks in large part to inflation.
On that same front, all eyes will be on the Consumer Price Index for April when it's released Wednesday. This tracks the rise in prices from the previous month and year. In March, inflation hit a 40-year high. Rounding out the economic news for the week is jobless claims, and the University of Michigan's consumer sentiment preliminary index for May.
{snip}