by Calculated Risk on 1/08/2022 08:11:00 AM
The key reports this week are December CPI and retail sales.
For manufacturing, the December Industrial Production report will be released.
No major economic releases scheduled.
6:00 AM: NFIB Small Business Optimism Index for December.
10:00 AM: Testimony, Fed Chair Jerome Powell, Nomination Hearing, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The Consumer Price Index for December from the BLS. The consensus is for 0.5% increase in CPI, and a 0.5% increase in core CPI.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 210 thousand initial claims.
8:30 AM ET: The Producer Price Index for December from the BLS. The consensus is for a 0.4% increase in PPI, and a 0.5% increase in core PPI.
10:00 AM, Testimony, Fed Governor Lael Brainard, Nomination Hearing, Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
This graph shows industrial production since 1967.
The consensus is for a 0.3% increase in Industrial Production, and for Capacity Utilization to increase to 77.0%.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for January).