By ~ calculated risk 7/27/2024 08:11:00 AM
The main report this week is the July employment report.
Other key reports include the May Case-Shiller home price index, the ISM manufacturing index and July auto sales.
The FOMC meets this week and the federal funds rate is expected to remain unchanged.
—– Monday, July 29 —–
10:30 a.m.: Dallas Federal Reserve Bank Manufacturing Activity Survey In July.
—– Tuesday, July 30 —–
9:00 AM: S&P/Case-Shiller Home Price Index In May.
This graph shows the year-over-year change in the seasonally adjusted National Index, Composite 10 Index, and Composite 20 Index through the most recent reports (Composite 20 begins in January 2000).
There is consensus that the Comp 20 index will increase 6.0% year-over-year in May.
9:00 AM: FHFA Home Price Index May. Originally only sold on the GSE, but there is also an expanded index.
10 a.m. ET: Job postings and labor turnover rate survey Here’s the June news from BLS.
This graph shows JOLTS job openings (yellow line), hires (purple), layoffs, layoffs and other (red columns), and resignations (light blue columns).
Job creation in May increased to 8.14 million from 7.92 million in April.
The number of job postings (yellow) is down 13% from the previous year, and the number of retirees is down 14% from the previous year.
—– Wednesday, July 31 —–
7 a.m. ET: The Mortgage Bankers Association (MBA) reports its results. Mortgage Purchase Application Index.
8:15 AM: ADP Employment Report As of June. This report covers private payrolls only (not government). The consensus is that 168,000 payroll jobs will be added in June, up from 150,000 in May.
9:45 a.m.: Chicago Purchasing Managers Index In July.
10 am: Pending Home Sales Index For June, the index is expected to rise by 1.5%.
10 am : Housing vacancy rate and homeownership rate in Q2 2024 From the Census Bureau.
14:00 : FOMC Meeting AnnouncementThe federal funds rate is expected to remain unchanged.
2:30 p.m.: Federal Reserve Chairman Jerome Powell There will be a press briefing following the FOMC announcement.
—– Thursday, August 1 —–
8:30 a.m.: First Weekly Unemployment Claims The report is due to be released. The agreed figure is 230,000, down from 235,000 last week.
10 am: ISM Manufacturing Index For July, the consensus is that the ISM will rise to 49.0 from 48.5 in June.
10 am: Construction spending Construction spending is expected to rise 0.2 percent in June.
late: Light car sales Here’s the BEA outlook for July. The consensus is that light vehicle sales will increase from 15.3 million units in June to 16.2 million units SAAR in July (seasonally adjusted annual rate).
This graph shows light vehicle sales since BEA began keeping data in 1967. The dotted line is sales for the previous month.
—– Friday, August 2 —–
8:30 a.m.: Employment Report As of July, the deal calls for 175,000 new jobs and an unemployment rate of 4.1 percent.
In June, 206,000 jobs were added and the unemployment rate was 4.1%.
This graph shows the number of jobs added each month since January 2021.
