Schedule for the week from July 10, 2022

on Estimated risk per 07/09/2022 08:11:00

The key reports this week are the consumer price index for June and retail sales.

In terms of production, the June industrial production report and the New York Fed’s July survey will be released.

—– Monday, July 11 —–

There are no major economic releases planned.

—– Tuesday, July 12 —–

6:00 AM ET: NFIB Small Business Optimism Index for June.

—– Wednesday, July 13 —–

7:00 am ET: Mortgage Bankers Association (MBA) to release results mortgage bid index.

8:30 am: June CPI from BLS. The consensus is to increase the CPI by 1.1% and increase the core CPI by 0.6%. The general consensus is that the CPI should rise by 8.8% year on year and the core consumer price index by 5.8% year on year.

14:00: Federal Reserve Beige Bookan informal review by the Federal Reserve Banks of current economic conditions in their districts.

—– Thursday, July 14 —–

8:30 am: initial weekly jobless claims the report will be published. The consensus is 230K compared to 235K last week.

8:30 am: Producer price index for June from BLS. The consensus is to increase the PPI by 0.8% and increase the core PPI by 0.5%.

—– Friday, July 15 —–

Retail8:30 AM: Retail scheduled for release in June. The consensus assumes retail sales growth of 0.8%.

This graph shows retail sales since 1992. These are seasonally adjusted monthly retail sales and catering services (total and excluding gasoline).

Retail sales excluding gasoline fell 0.3% in May.

8:30 am: Federal Reserve Bank of New York. Empire State Manufacturing Sector Survey for July. The consensus is to read -2.6, as opposed to -1.2.

Loading of production capacities9:15 am: The Fed will publish Industrial production and capacity utilization for June.

This graph shows industrial production since 1967.

The consensus is for industrial production to remain unchanged and for capacity utilization to drop to 80.4%.

10:00 AM: University of Michigan Consumer Sentiment Index (provisionally for July).