Kiplinger's Economic Calendar for This Week (December 9-13)

This week's economic calendar is relatively light but features some key events, namely Wednesday morning's release of the November Consumer Price Index (CPI). In the wake of last week's blowout November jobs report, Wall Street will be focused on this data point – one of the biggest ahead of the next Fed meeting.

Wednesday, December 11: November CPI and core CPI: Headline CPI accelerated in November thanks to higher food and energy prices.

You can read on to see the entire weekly economic calendar of the most important upcoming economic reports scheduled to be released over the next several days. At times, we provide expanded previews and recaps for select reports.

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Please check back often. This economic calendar is updated regularly. Bolded reports are those considered more noteworthy and all reporting times are in Eastern Time.

Economic calendar highlights

Monday (12/9)

Tuesday (12/10)

Wednesday (12/11)

Energy and food costs lifted headline CPI in November

The Fed has made it clear recently that it is confident inflation is moving sustainably toward its 2% target. However, Wednesday morning's release of the November Consumer Price Index is still an important event on the economic calendar because the pace of rising prices remains elevated and Chair Powell noted after the most recent Fed meeting that there will be "small bumps" in the road to lower inflation.

Indeed, the November CPI report showed headline inflation rose by 2.7% year over year, faster than the 2.6% pace seen in October. Month over month, CPI was up 0.3% vs 0.2% the month prior.

Core CPI, which excludes volatile food and energy costs, was up 0.3% on a monthly basis, matching the readings from the previous three months. Core CPI rose 3.3% year over year, same as in October.

The latest CPI report paints "a picture of steadied inflation," says Aakarsh Rattan Ramchandani, chief analyst and strategy officer at Bigdata.com, an advanced AI platform built by RavenPack.

Still, the data "adds another piece to the puzzle for policymakers," he says. "The balance between persistent core inflation and broader economic resilience will be critical as the Fed crafts its next move. Markets are bracing for a cautious but decisive Fed stance in the days ahead."

According to CME Group's FedWatch tool, futures traders are now pricing in a 99% chance the Fed will cut interest rates by a quarter-percentage point at next week's meeting, up from 89% one day ago.

Thursday (12/12)

Friday (12/13)

There are no noteworthy economic reports slated for release on Friday, December 13.

Reporting schedules are provided Forex Factory and MarketWatch.

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