Save up to 74%
Subscribe to Kiplinger
This week’s economic calendar is full of key reports that add a first look at second-quarter gross domestic product and the Federal Reserve’s favorite measure of inflation. In addition, speeches by several Fed speakers will likely draw attention ahead of the central bank’s policy meeting later this month.
You can read on to see the full weekly economic calendar of upcoming major economic reports, scheduled for release in the coming days. We sometimes provide detailed summaries and summaries of secure reports.
Check back often. This economic calendar is updated regularly. Reports in ambitious format are considered the most notable, and all report times are in Eastern Time.
Be a smarter, smarter investor.
There are no outstanding economic figures planned for Monday, July 22.
Wall Street will take a first look at second-quarter gross domestic product (GDP) before Thursday’s open. After the US economy grew a respectable 1. 3% in the first quarter, second-quarter GDP is expected to reach around 2. 0%, writes Kiplinger economist David Payne in his GDP report.
“Consumer spending is expected to remain decent, most likely growing more slowly than last year. Exports are expected to start developing again after a drop in the first quarter, and corporations will likely avoid reducing inventories as long-term running sales improve,” Payne said.
However, after better-than-expected retail sales for June, economists at Deutsche Bank forecast a slight 2. 1% in second-quarter GDP.
The most important event on the economic calendar is Friday’s release of the Consumer and Personal Expenditure Price Index (PCE). The data, which tracks customer spending, follows recent reports that seem to indicate that inflation is starting to return to a point the Federal Reserve is comfortable with. This, in turn, reinforced expectations that the central bank could start cutting interest rates as early as September.
In May, the PCE price index and core PCE, which excludes volatile food and energy costs, were in line with expectations (-2. 6% year-on-year). Following last week’s release of the June Consumer Price Index (CPI) and Producer Price Index (PPI), a team of Goldman Sachs economists forecasts that headline PCE rose 2. 5% year over year in June and the core PCE increased by 2. 6%.
Reporting schedules are provided on Forex Market Factory and MarketWatch.
With more than a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger. com. She joined the publication in April 2021 after 10 years as an investment editor and columnist at Schaeffer’s Investment Research. In her previous role, Karee focused primarily on features trading, as well as technical, fundamental, and sentiment analysis.