What to Look Out for in Economic Data This Week (September 14-18)
This week's economic calendar features the September Fed meeting and several housing market updates.
This week's economic calendar is firmly focused on the Federal Reserve, with the central bank kicking off its meeting on Tuesday, September 15, and concluding on Wednesday, September 16, with its latest policy decision. After recent economic data showed a strong labor market and sticky inflation, it's widely expected that the central bank will hike rates for the first time since 2023.
What we're watching
Wednesday, September 16: The Federal Open Market Committee (FOMC) meeting: Will Fed Chair Kevin Warsh & Co. raise interest rates this time around?
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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 (9/14)
There are no noteworthy economic reports scheduled for release on Monday, September 14.
Tuesday (9/15)
Time released |
Economic report |
Period |
8:30 am |
Empire State Manufacturing Index |
September |
Wednesday (9/16)
Time released |
Economic report |
Period |
8:30 am |
Retail sales |
August |
8:30 am |
Import prices |
August |
10 am |
Business inventories |
July |
10 am |
NAHB Housing Market Index |
September |
2 pm |
Federal Open Market Committee (FOMC) policy statement |
N/A |
2 pm |
FOMC Summary of Economic Projections |
N/A |
2:30 pm |
Federal Reserve Chair Kevin Warsh's press conference |
N/A |
The Fed is expected to raise rates on Wednesday
The August jobs report came in much better than expected, which lifted odds of a September rate hike. And the August Producer Price Index (PPI) and Consumer Price Index (CPI) reports, which showed inflation remains well above the Fed's 2% target, keep a rate hike in play for the central bank's September meeting.
The August CPI report "was in-line with expectations, but inflation is still too hot, and the Federal Reserve's hands are tied," says Skyler Weinand, chief investment officer at Regan Capital.
A September rate hike "is all but assured," he states. "Consumer prices are going in the wrong direction, and remain significantly higher than the Fed's 2% target. We may see several rate hikes over the coming months in an effort to get short-term interest rates in line with where the market is pricing yields."
At last check, CME Group FedWatch showed futures traders pricing in an 85% probability of a quarter-percentage-point rate hike at the September meeting. We'll see what Chair Warsh & Co. decide when the Fed statement is released at 2 pm Eastern Standard Time on Wednesday.
Thursday (9/17)
Time released |
Economic report |
Period |
8:30 am |
Weekly jobless claims |
Week ending September 12 |
8:30 am |
Philadelphia Fed Manufacturing Index |
September |
8:30 am |
Building permits |
August |
8:30 am |
Housing starts |
August |
10 am |
Pending home sales |
August |
Friday (9/18)
Time released |
Economic report |
Period |
9:15 am |
Capacity utilization rate |
August |
9:15 am |
Industrial production |
August |
9:30 am |
Fed Governor Michelle Bowman speaks |
N/A |
10 am |
The Conference Board's Leading Indicators Index |
August |
Reporting schedules are provided Forex Factory and MarketWatch.
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With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.