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Kiplinger
Kiplinger
Business
Karee Venema

What to Look Out for in Economic Data This Week (Dec. 29-Jan. 2)

(Image credit: Getty Images)

The release of economic data slows in the final few days of 2025, though Wall Street will be looking at Tuesday morning's release of the minutes from the December Fed meeting for hints on the central bank's policy plans in the new year.

Economic reports we're watching

Tuesday, December 31: Federal Open Market Committee (FOMC) meeting minutes: The minutes from the December Fed meeting confirmed a divided central bank.

Read on to see the entire weekly economic calendar of the most important upcoming economic reports scheduled to be released in the next several days.

Please check back often. This economic calendar is updated regularly. Bolded reports are those considered more noteworthy. All reporting times are in Eastern Time.

Reports that have been delayed due to the government shutdown are marked with an asterisk (*).

Monday (12/29)

Noteworthy economic reports

Time released

Economic report

Period

10 am

Pending home sales

November

Tuesday (12/30)

Noteworthy economic reports

Time released

Economic report

Period

9 am

S&P CoreLogic Case-Shiller Home Price Index

October

9:45 am

Chicago Purchasing Managers Index (PMI)

December

2 pm

Federal Open Market Committee (FOMC) meeting minutes

N/A

A divided Fed

Wall Street got a look at the minutes from the December Fed meeting on Tuesday. The Fed cut interest rates for a third straight time when it met in early December, though the decision wasn't unanimous.

The Fed's final gathering of 2025 also included the release of the Summary of Economic Projections (SEP), which indicated that most committee members anticipate just one rate cut in 2026.

"Most participants judged that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation declined over time as expected," the minutes stated.

However, "some participants suggested that, under their economic outlooks, it would likely be appropriate to keep the target range unchanged for some time after a lowering of the range at this meeting."

According to CME Group FedWatch, futures traders are pricing in two 0.25% rate cuts next year – the first of which could arrive as soon as April.

Wednesday (12/31)

As a reminder, the stock market will observe regular trading hours on Wednesday, December 31, for New Year's Eve, while the bond market will close at 2 pm.

Noteworthy economic reports

Time released

Economic report

Period

8:30 am

Weekly jobless claims

Week ending December 27

Thursday (1/1)

There are no noteworthy economic reports scheduled for release on Thursday, January 1. As a reminder, the stock and bond markets will be closed in observance of the New Year's Day holiday.

Friday (1/2)

There are no noteworthy economic reports scheduled for release on Friday, January 2.

Reporting schedules are provided Forex Factory and MarketWatch.

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