Economic reports are light during the holiday-shortened week. As a reminder, Monday is a stock market holiday, with the equity and bond markets closed in observance of Martin Luther King Jr. Day. Still, Wall Street will get key updates on inflation and consumer sentiment ahead of the next Fed meeting, scheduled for later this month.
Economic reports we're watching
Thursday, January 22: Personal Consumption Expenditures Price Index (PCE) and Core PCE: The delayed November data are unlikely to show any major improvement on the inflation front.
Friday, January 23: University of Michigan Consumer Sentiment Index: We'll see how consumer sentiment stacked up in January.
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. At times, we provide expanded previews and recaps for select reports.
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 (1/19)
Monday, January 19, is a stock market holiday, with both the equity and bond markets closed in observance of Martin Luther King Jr. Day. There are no noteworthy economic reports scheduled for release.
Tuesday (1/20)
There are no noteworthy economic reports scheduled for release on Tuesday, January 20.
Wednesday (1/21)
Time released |
Economic report |
Period |
8:30 am |
President Donald Trump speaks at the World Economic Forum (Davos) |
N/A |
10 am |
Pending home sales |
December |
10 am |
Construction spending* |
October |
Thursday (1/22)
Time released |
Economic report |
Period |
8:30 am |
Weekly jobless claims |
Week ending January 17 |
8:30 am |
Personal Consumption Expenditures Price Index (PCE)* |
Octobder/November |
8:30 am |
Core PCE* |
Octobder/November |
8:30 am |
Gross domestic product (GDP) |
Q3 |
8:30 am |
Personal income and spending* |
Octobder/November |
A bevy of PCE data will be released on Thursday
The PCE is one of the main events on the economic calendar. The data, which tracks consumer spending, follows recent reports showing that inflation is holding steady.
The data released on Thursday morning will show results for October and November due to the government shutdown. And because the Bureau of Economic Analysis did not release a full slate of Consumer Price Index (CPI) data for October, the October PCE figures will be based on an average of the September and November CPI reports.
Given recent CPI and Producer Price Index (PPI) reports, BofA Securities economists expect the headline and core PCE readings to be up 2.7% and 2.8%, respectively, on a year-over-year basis. In September, both these readings arrived at 2.8%.
Friday (1/23)
Time released |
Economic report |
Period |
9:45 am |
S&P Global Flash Services Purchasing Managers Index (PMI) |
January |
9:45 am |
S&P Global Flash Manufacturing PMI |
January |
10 am |
University of Michigan Consumer Sentiment Index (revised) |
January |
How did consumer sentiment fare in late January?
Friday morning's release of the final University of Michigan's Consumer Sentiment Index for January is a key event on the economic calendar.
The data help Wall Street and economists gauge how confident consumers are feeling about the economy, what their short- and long-term inflation expectations are, and how comfortable they feel spending money based on these outlooks. The report is released twice a month.
The preliminary reading showed consumer sentiment inched higher to start the new year, reaching its highest point since September. Still, it remains well below year-ago levels, with survey respondents "focused primarily on kitchen table issues, like high prices and softening labor markets," says Surveys of Consumers Director Joanne Hsu.
It will be interesting to see what the final reading is, considering the majority of the responses for the preliminary report were collected before the removal of Venezuelan President Nicolás Maduro – and all were in before news of the Department of Justice's investigation into Federal Reserve Chair Jerome Powell.
Reporting schedules are provided Forex Factory and MarketWatch.
