By ~ calculated risk September 21, 2024 8:11:00 AM
Key reports this week include August new home sales, Q2 GDP third estimate, August personal income and spending, and July Case-Shiller home prices.
For manufacturing, the Richmond and Kansas City Federal Reserve manufacturing surveys are released this week.
—– Monday, September 23 —–
8:30 a.m. ET: Chicago Fed National Activity Index This is for August. This is a composite index of other data.
—– Tuesday, September 24 —–
9:00 a.m.: S&P/Case-Shiller Home Price Index July.
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).
The July Composite 20 Index is expected to increase by 5.9% year-on-year.
9:00 a.m.: FHFA Home Price Index July. Originally only sold on the GSE, but there is also an expanded index.
10:00 AM: Richmond Federal Manufacturing Survey September.
—– Wednesday, September 25 —–
7 a.m. ET: The Mortgage Bankers Association (MBA) reports its results. Mortgage Purchase Application Index.
10:00 AM: New Home Sales Here are the August data from the Census Bureau.
This graph shows new home sales since 1963. The dotted line is the sales rate for the previous month.
The consensus forecast is for SAAR 700,000, down from SAAR 739,000 in July.
—– Thursday, September 26 —–
8:30 a.m.: First Weekly Unemployment Claims The report is due to be released. The agreed figure is 226,000, up from 219,000 last week.
8:30 a.m.: GDP, Q2 2024 (3rd estimate) and corporate profits (revised) The general consensus is that real GDP grew at an annual rate of 3.0% in the second quarter, unchanged from the second estimate of 3.0%.
8:30 a.m.: Durable goods orders According to the Census Bureau’s August forecast, durable goods orders are expected to decline 2.8%.
9:20 AM: Speech, Federal Reserve Chairman Jerome Powell, Opening remarks (via pre-recorded video)2024 U.S. Treasury Markets Conference, Federal Reserve Bank of New York, New York, NY
10:00 AM: Pending Home Sales Index For August, the index is expected to rise by 3.1%.
11:00 AM: Kansas City Federal Manufacturing Survey September.
—– Friday, September 27 —–
8:30 a.m.: Personal Income and Expenditure, August 2024. The consensus is that personal income will rise 0.4 percent, personal spending will rise 0.3 percent, and the core PCE price index will rise 0.2 percent.
10:00 AM: University of Michigan Consumer Sentiment Index (Final September). The consensus reading is 67.7.
