It's a full trading week on Wall Street, but the flow of incoming economic data is relatively light even with the resumption of reporting by federal government agencies. Still, we will finally see the September print for the Federal Reserve's favorite measure of inflation.
The advent of the quiet period around the next Fed meeting that runs December 9-10 means we won't hear from the usual lineup of central bank speakers on monetary policy. The quiet period runs from Saturday, November 29, through Thursday, December 11.
We will see the ADP National Employment for November report on Wednesday, with markets looking for confirmation of trends revealed in a better-than-expected September jobs report from the Bureau of Labor Statistics.
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And the Bureau of Economic Analysis will release delayed Personal Consumption Expenditures Price Index (PCE) and Core PCE data for September on Friday. The Fed prefers PCE over CPI to gauge price stability.
Other economic data we're watching
Wednesday, December 3: Weekly jobless claims: We're watching to see if initial jobless claims are still declining heading into the last month of 2025.
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.
Reports that have been delayed due to the government shutdown are marked with an asterisk (*).
Monday (12/1)
Time released | Economic report | Period |
9:45 am | S&P Global Final Manufacturing PMI | November |
10 am | Institute for Supply Management (ISM) Manufacturing PMI | November |
Tuesday (12/2)
There are no noteworthy economic reports scheduled for release on Tuesday, December 2.
Wednesday (12/3)
Time released | Economic report | Period |
8:15 am | ADP National Employment Report | November |
8:30 am | Import Price Index* | September |
9:45 am | S&P Final Services PMI | November |
10 am | ISM Services PMI | November |
Thursday (12/4)
Time released | Economic report | Period |
8:30 am | Weekly jobless claims | Week ending November 29 |
8:30 am | U.S. trade deficit | October |
Friday (12/5)
Delayed PCE data is on the way
We were supposed to see Personal Consumption Expenditures Price Index (PCE) and Core PCE data for September on Friday, October 31. The longest government shutdown in U.S. history delayed its release until Friday, December 5. Core PCE is the Federal Reserve's preferred measure of inflation.
According to Barclays analyst Pooja Sriram, September Consumer Price Index (CPI) and Producer Price Index (PPI) estimates indicate 0.23% month-over-month and 2.9% year-over-year increases for core PCE, which strips out food and energy prices.
Sriram expects headline PCE to rise 0.29% month over month and 2.8% year over year.
"Services PPI printed flat in September after declining in the prior month," Sriram notes of delayed producer inflation data released on November 25, "amid another month of decline in trade services."
The analyst explains that core services PPI excluding trade, transportation and warehousing – "the subcategory that contains most of the inputs relevant for core PCE" – slowed to a 0.1% month-over-month rise in September.
"We continue to expect a further firming in core PCE inflation in the coming months," Sriram concludes, "amid higher tariff pass-through to consumer prices."
Time released | Economic report | Period |
8:30 am | Personal Consumption Expenditures Price Index (PCE)* | September |
8:30 am | Core PCE* | September |
Reporting schedules are provided Forex Factory and MarketWatch.
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