Economic Schedule for week of June 13th, 2021
The key reports this week are May Retail sales and Housing Starts. For manufacturing, the Industrial Production report, and the NY and Philly Fed manufacturing surveys, will be released this week. The FOMC meets on Tuesday and Wednesday, and no change to policy is expected at this meeting.
No major economic releases scheduled.
8:30 AM: The Producer Price Index for May from the BLS. The consensus is for a 0.6% increase in PPI, and a 0.6% increase in core PPI.
8:30 AM: The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of 22.0, down from 24.3.
8:30 AM: Retail sales for May is scheduled to be released. The consensus is for 0.4% decrease in retail sales.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for May.
The consensus is for a 0.6% increase in Industrial Production, and for Capacity Utilization to increase to 75.1%.
10:00 AM: The June NAHB homebuilder survey. The consensus is for a reading of 83, unchanged from 83 last month. Any number below 50 indicates that more builders view sales conditions as poor than good.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM ET: Housing Starts for May.
The consensus is for 1.630 million SAAR, up from 1.569 million SAAR in April.
2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.
2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for a decrease to 365 thousand from 376 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for June. The consensus is for a reading of 31.0, down from 31.5.
No major economic releases scheduled.
https://www.calculatedriskblog.com/2021/06/schedule-for-week-of-june-13-2021.html