by Calculated Danger on 8/19/2023 08:11:00 AM
The important thing studies this week are July New and Present Residence gross sales.
For manufacturing, the August Richmond and Kansas Metropolis Fed surveys will likely be launched.
Fed Chair Jerome Powell will converse on the “Financial Outlook” on the Jackson Gap Symposium on Friday.
The BLS will launch the preliminary employment benchmark revision on Wednesday.
—– Monday, August twenty first —–
No main financial releases scheduled.
—– Tuesday, August twenty second —–
10:00 AM: Present Residence Gross sales for July from the Nationwide Affiliation of Realtors (NAR). The consensus is for 4.15 million SAAR, down from 4.16 million final month.
The graph exhibits present residence gross sales from 1994 by the report final month.
Housing economist Tom Lawler expects the NAR to report gross sales of 4.06 million SAAR for July.
10:00 AM: Richmond Fed Survey of Manufacturing Exercise for August.
—– Wednesday, August twenty third —–
7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy functions index.
This graph exhibits New Residence Gross sales since 1963. The dashed line is the gross sales fee for final month.
The consensus is for 701 thousand SAAR, up from 697 thousand in June.
10:00 AM: the Bureau of Labor Statistics (BLS) will launch the 2023 Preliminary Benchmark Revision to Institution Survey Information.
In the course of the day: The AIA’s Structure Billings Index for July (a number one indicator for industrial actual property).
—– Thursday, August twenty fourth —–
8:30 AM: The preliminary weekly unemployment claims report will likely be launched. The consensus is for 244 thousand preliminary claims, up from 239 thousand final week.
8:30 AM ET: Chicago Fed Nationwide Exercise Index for July. It is a composite index of different knowledge.
8:30 AM: Sturdy Items Orders for July from the Census Bureau. The consensus is for a 4.0% lower in sturdy items orders.
11:00 AM: the Kansas Metropolis Fed manufacturing survey for August.
—– Friday, August twenty fifth —–
10:00 AM: College of Michigan’s Shopper sentiment index (Ultimate for August). The consensus is for a studying of 71.2.
10:05 AM: Speech, Fed Chair Jerome Powell, Financial Outlook, On the Jackson Gap Financial Coverage Symposium