This week's economic calendar is light – though things will pick up in the final week of July. Macroeconomic data remain "broadly supportive," says Mark Hackett, chief market strategist at Nationwide, and "investors have responded positively to robust economic indicators and earnings reports that highlight continued resilience in U.S. consumer spending."
Consumer spending takes a backseat to other economic data this week. Market participants will be tuned into Tuesday morning's appearance by Federal Reserve Chair Jerome Powell at a banking conference in Washington, D.C.
Existing home sales and S&P Global's flash Purchasing Managers Indexes (PMIs) are also likely to draw attention.
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Wednesday July 23: Existing home sales: Home sales are expected to slip as housing prices remain high.
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.
Economic calendar highlights
Monday (7/21)
Economic report | Period | Forecast | Previous | Time released |
The Conference Board's Leading Indicators Index | June | -0.2% | -0.4% | 10 am |
Tuesday (7/22)
Economic report | Period | Forecast | Previous | Time released |
Federal Reserve Chair Jerome Powell speaks | N/A | N/A | N/A | 8:30 am |
Wednesday (7/23)
Economic report | Period | Forecast | Previous | Time released |
Existing home sales | June | 4.01 million | 4.03 million | 10 am |
Existing home sales were strong in May. What's in store for June?
Existing home sales came in better than expected in May. According to the National Association of Realtors, sales rose 0.8% month over month to a seasonally adjusted annual rate of 4.03 million.
This came as the median price of existing homes rose at its slowest year-over-year pace since June 2023.
But "low affordability continues to weigh on demand," writes Rodrigo Sermeño, associate editor for The Kiplinger Letter, in the Kiplinger housing outlook. He adds that "a limited supply of homes for sale is supporting continued price growth."
For June, economists expect Wednesday morning's data to show existing home sales slipped 0.05% month over month to a seasonally adjusted annual rate of 4.01 million.
Thursday (7/24)
Economic report | Period | Forecast | Previous | Time released |
Weekly jobless claims | Week ending July 19 | 229,000 | 221,000 | 8:30 am |
S&P Global Flash Services PMI | July | 52.7% | 52.9% | 9:45 am |
S&P Global Flash Manufacturing PMI | July | 52.9% | 52.9% | 9:45 am |
New home sales | June | 651,000 | 623,000 | 10 am |
Friday (7/25)
Economic report | Period | Forecast | Previous | Time released |
Durable goods | June | -10.3% | 16.4% | 8:30 am |
Reporting schedules are provided Forex Factory and MarketWatch.
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