What to Look Out for in Economic Data This Week (January 12-16)
The October report was cancelled, and the November report was incomplete. But this week we'll get a clearer look at December Consumer Price Index (CPI) data.
With the flow of economic data getting back to normal after the longest government shutdown in U.S. history, market participants will tune in for Tuesday's release of December Consumer Price Index (CPI) and Core CPI data for clues about inflation and the trajectory of interest rates.
Economic reports we're watching
Tuesday, January 13: Consumer Price Index (CPI) and Core CPI: Investors, traders and speculators will welcome the first timely, complete look at inflation since September.
Thursday, January 15: Weekly jobless claims: Signals from this noisy but frequent dataset remain subdued, and that's a good thing as the labor market settles into a sort of stasis.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
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 (1/12)
Time released | Economic report | Period |
11:45 am | Richmond Fed President Tom Barkin speaks | N/A |
5 pm | New York Fed President John Williams speaks | N/A |
Tuesday (1/13)
Inflation clarity now!
The Bureau of Labor Statistics is scheduled to release the December Consumer Price Index (CPI) report before the opening bell on Tuesday. Market participants expect to see a clearer picture of inflation than was offered in a November CPI report impacted by the longest government shutdown in U.S. history.
BLS data collection was suspended from October 1 through November 12. The October CPI report was cancelled, and the November report was based on statistical imputations because the data was incomplete. Headline CPI was 0.2% on a month-over-month basis, or 2.7% annualized, while core CPI (which excludes food and energy prices) was 2.6%.
"Data collection issues led to a surprisingly soft November CPI report," according to Wells Fargo economists Sarah House, Michael Pugliese and Nicole Cervi. "Most, although not all, of these distortions should be unwound in the December report."
The economists expect CPI to "pick up" compared to November's "suppressed pace" to a headline annualized rate of 2.7% and a core rate of 2.8% but to remain lower vs September and "indicate that inflation has resumed its descent."
The ultimate issue for investors, traders and speculators, as well as Wall Street and the Fed, when it comes to fulsome and reliable data is the future path of interest rates. House, Pugliese and Cervi share some CPI-related insight on the Personal Consumption Expenditures Price Index, the Fed's preferred inflation gauge.
"Note that while near-term declines in both health and motor vehicle insurance should help to keep a lid on CPI inflation in the coming months," they write, "neither serve as source data for the PCE price index."
Time released | Economic report | Period |
6 am | NFIB Small Business Index | December |
8:30 am | Consumer Price Index (CPI) | December |
8:30 am | Core CPI | December |
10 am | New home sales* | October |
10 am | St. Louis Fed President Alberto Musalem speaks | N/A |
2 pm | Federal budget balance | December |
4 pm | Richmond Fed President Tom Barkin speaks | N/A |
Wednesday (1/14)
Time released | Economic report | Period |
8:30 am | Retail sales* | November |
8:30 am | Producer Price Index (PPI)* | November |
8:30 am | Core PPI* | December |
10 am | Business inventories* | October |
10 am | Existing home sales | December |
11 am | Minneapolis Fed President Neel Kashkari speaks | N/A |
12 pm | Atlanta Fed President Raphael Bostic speaks | N/A |
12:30 pm | Fed Governor Stephen Miran speaks | N/A |
2 pm | Federal Reserve Beige Book | N/A |
2 pm | New York Fed President John Williams speaks | N/A |
Thursday (1/15)
Time released | Economic report | Period |
8:30 am | Weekly jobless claims | Week ending January 10 |
8:30 am | Import prices* | November |
8:30 am | Empire State Manufacturing Index | January |
8:30 am | Philadelphia Fed Manufacturing Index | January |
9:15 am | Fed Governor Michael Barr speaks | N/A |
12:40 pm | Richmond Fed President Tom Barkin speaks | N/A |
Friday (1/16)
Time released | Economic report | Period |
9:15 am | Industrial production | December |
9:15 am | Capacity utilization | December |
11 am | Richmond Fed President Tom Barkin speaks | N/A |
3:30 pm | Fed Governor Philip Jefferson speaks | N/A |
Reporting schedules are provided Forex Factory and MarketWatch.
Related content
-
Is Home Insurance Tax Deductible?With home insurance rates on the rise, you might be hoping to at least claim the cost as a tax deduction. Here's what you need to know ahead of tax season.
-
The December Jobs Report Is Out. Here's What It Means for the Next Fed MeetingThe December jobs report signaled a sluggish labor market, but it's not weak enough for the Fed to cut rates later this month.
-
Trump Signals Plan to Ban Institutional Investors From Buying Single-Family HomesThe president says the move could improve housing affordability. Here’s what the data shows about investor ownership, recent buying trends and what it could mean for homebuyers.
-
The December Jobs Report Is Out. Here's What It Means for the Next Fed Meeting
The December jobs report signaled a sluggish labor market, but it's not weak enough for the Fed to cut rates later this month.
-
4 Simple Money Targets to Aim for in 2026 (And How to Hit Them), From a Financial PlannerWhile January is the perfect time to strengthen your financial well-being, you're more likely to succeed if you set realistic goals and work with a partner.
-
I'm a Wealth Adviser: Everyone Needs an Estate Plan (Seriously, Even You)If you've acquired assets over time, even just a home and some savings, you have an estate. That means you need a plan for that estate for your beneficiaries.
-
How to Be a Smart Insurance Shopper: The Price Might Be Right, But the Coverage Might Not BeChoosing the cheapest policy could cost you when you have a loss. You'll get the best results if you focus on the right coverage with the help of a good agent.
-
7 Reasons Why Your Portfolio Needs Short-Term Bond ETFsMoney market funds are a safe option for your cash, but ultra-short and short-term bond ETFs also deserve consideration. Here are seven reasons why.
-
Nasdaq Takes a Hit as the Tech Trade Falters: Stock Market TodayThe Dow Jones Industrial Average outperformed on strength in cyclical stocks.
-
I'm a Wealth Planner: Forget 2026 Market Forecasts and Focus on These 3 Goals for Financial SuccessWe know the economy is unpredictable and markets will do what they do, no matter who predicts what. Here's how to focus on what you can control.
-
I'm a Financial Adviser: Why In-Person Financial Guidance Remains the Gold StandardFace-to-face conversations between advisers and clients provide the human touch that encourages accountability and a real connection.
