Schedule for Week of June 10, 2018
The key economic reports this week are the May Consumer Price Index (CPI) and Retail Sales.
For manufacturing, May industrial production, and the June New York survey, will be released this week.
The FOMC meets this week and is expected to raise the Fed Funds rate 25bps.
—– Monday, June 11th —–
No major economic releases scheduled.
—– Tuesday, June 12th —–
6:00 AM: NFIB Small Business Optimism Index for May.
8:30 AM: The Consumer Price Index for May from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.2% increase in core CPI.
—– Wednesday, June 13th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The Producer Price Index for May from the BLS. The consensus is a 0.3% increase in PPI, and a 0.2% increase in core PPI.
2:00 PM: FOMC Meeting Announcement. The FOMC is expected to increase the Fed Funds rate 25 bps 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.
—– Thursday, June 14th —–
8:30 AM ET: Retail sales for May will be released. The consensus is for a 0.4% increase in retail sales.
This graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 4.0% on a YoY basis.
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 224 thousand initial claims, up from 222 thousand the previous week.
—– Friday, June 15th —–
8:30 AM ET: The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of 19.6, down from 20.1.
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for May.
This graph shows industrial production since 1967.
The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 78.0%.
10:00 AM: State Employment and Unemployment (Monthly) for May 2018
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for June).