What to Look Out for in Economic Data This Week (September 7-11)
This week's economic calendar is shortened by Monday's Labor Day holiday. But there's plenty of incoming data, including August inflation numbers.
A week on the economic calendar shortened by Monday's Labor Day holiday packs noteworthy incoming data into four days, highlighted by August inflation numbers.
The Bureau of Labor Statistics will release the Producer Price Index (PPI) report before Thursday's opening bell and the Consumer Price Index (CPI) report before Friday's opening bell.
Note that the "quiet period" around the September 15-16 Federal Open Market Committee (FOMC) meeting started on Saturday, September 5, and continues through Thursday, September 17.
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Economic reports we're watching
Friday, September 11: CPI and core CPI: Consumer inflation accelerated in July after decelerating in June. Price stability remains a complex equation due to an ongoing energy shock.
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.
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Monday (9/7)
The stock and bond markets are closed on Monday, September 7, in observance of Labor Day.
There are no noteworthy economic reports scheduled for release.
Tuesday (9/8)
Time released |
Economic report |
Period |
6 am |
NFIB Small Business Optimism Index |
August |
3 pm |
Consumer credit |
July |
Wednesday (9/9)
There are no noteworthy economic reports scheduled for release on Wednesday, September 9.
Thursday (9/10)
Time released |
Economic report |
Period |
8:30 am |
Weekly jobless claims |
Week ending September 5 |
8:30 am |
Producer Price Index (PPI) |
August |
8:30 am |
Core PPI |
August |
10 am |
Wholesale trade |
July |
10 am |
Existing home sales |
August |
Friday (9/11)
Time released |
Economic report |
Period |
8:30 am |
Consumer Price Index (CPI) |
August |
8:30 am |
Core CPI |
August |
10 am |
University of Michigan Consumer Sentiment Index (preliminary) |
September |
2 pm |
Treasury balance |
August |
How stable are consumer prices right now?
Fed Chair Kevin Warsh has made "price stability" the centerpiece of his early campaign to change the world's most important central bank.
Indeed, "how stable are consumer prices right now?" is the question answered by the Inflation Nowcasting tool the Federal Reserve Bank of Cleveland built.
As of September 4, a week before the BLS drops the official data for August, Inflation Nowcasting shows headline CPI rising by 3.38% year over year and 0.36% month over month.
Core CPI, which removes volatile food and energy prices from the equation, is tracking at 2.38% on an annual basis, 0.20% sequentially.
Headline July CPI was 3.4% YoY and 0.1% MoM. Headline CPI was negative 0.1% in June compared to May. Core CPI printed at 2.5% YoY and 0.2% MoM. Core CPI was flat month over month in June.
The energy index increased 14.7% for the 12 months ending July, the food index 3%.
Reporting schedules are provided Forex Factory and MarketWatch.
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