This week's major U.S. economic reports (June 20 - June 24)

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Last edited Fri Jun 17, 2022, 10:01 AM - Edit history (1)

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

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, JUNE 20
Juneteenth holiday. No indicators scheduled
12:45 pm St. Louis Fed President James Bullard speaks

TUESDAY, JUNE 21
8:30 am Chicago Fed national activity index May -- 0.47
10 am Existing home sales (SAAR) May -- 5.61 million
12 noon Cleveland Fed President Loretta Mester speaks
3:30 pm Richmond Fed President Tom Barkin speaks

WEDNESDAY, JUNE 22
9:30 am Fed Chair Jerome Powell testifies on monetary policy at Senate Banking Committee
12:50 pm Chicago Fed President James Bullard speaks

THURSDAY, JUNE 23
8:30 am Initial jobless claims June 18 -- 229,000
8:30 am Continuing jobless claims June 11 -- 1.31 million
8:30 am Current account deficit Q1 -- -$218 billion
9:45 am S&P Global U.S. manufacturing PMI (flash) June -- 57.0
9:45 am S&P Global U.S. services PMI (flash) June -- 53.4
10 am Fed Chair Jerome Powell testifies on monetary policy at House Financial Services Committee

FRIDAY, JUNE 24
7:30 am St. Louis Fed President James Bullard speaks
10 am UMich consumer sentiment index (final) June -- 50.2
10 am 5-year inflation expectations (final) June -- 3.3%
10 am New home sales (SAAR) May -- 591,000
4 pm San Francisco Fed President Mary Daly speaks

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

Economic outlook

Up next for the markets: June 20-June 24

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

Jun 14, 2022 | 2 min read

• Investors will be studying the housing market and what impact is being made by higher rates.
• Inflation’s impact on manufacturing will also be in focus with the S&P Global Manufacturing, Composite, and Services PMI Flashes for June due.

Mortgage rates are rising and inflation is soaring, which is having a broad impact on the housing market and manufacturing. Both sectors will be in focus this week as a series of data points connected to housing and productivity are due. On the housing front, the National Association of Realtors will publish May's existing home sales. With mortgage rates rising, these sales have been declining.

Also on tap is the Mortgage Bankers Association’s weekly mortgage applications and new home sales for May. Combined, these will give investors a better idea of the extent to which would-be homebuyers are willing to absorb rising rates. On the productivity front, the S&P Global Manufacturing, Composite, and Services PMI Flashes for June are on tap this week. These readings track manufacturing and productivity and are key economic indicators. Manufacturers have taken a hit with record inflation and ongoing supply chain issues.

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