What to Look Out for in Economic Data This Week (February 9-13)
Key updates on the labor market and inflation will have Wall Street tuned into the economic calendar this week.
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This week's economic calendar is relatively light but features two key reports that could impact the Federal Reserve's plans for interest rates. First up is Wednesday morning's release of the January jobs report, delayed from last week's initial due date because of the short-lived government shutdown. Then, on Friday, we'll get the Consumer Price Index (CPI) report for January.
Wednesday, February 11: Nonfarm payrolls: Job growth came in much stronger than expected, which will keep the Fed on hold for the foreseeable future.
Friday, February 13: CPI and core CPI: BofA Securities economists expect the January data to show inflation picked up at the start of 2026.
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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.
Reports that have been delayed due to the government shutdown are marked with an asterisk (*).
Monday (2/9)
Time released | Economic report | Period |
1:30 pm | Fed Governor Christopher Waller speaks | N/A |
3:15 pm | Atlanta Fed President Raphael Bostic speaks | N/A |
Tuesday (2/10)
Time released | Economic report | Period |
8:30 am | Retail sales* | December |
8:30 am | Employment Cost Index* | Q4 |
8:30 am | Import and export prices* | December |
12 pm | Cleveland Fed President Beth Hammack speaks | N/A |
1 pm | Dallas Fed President Lorie Logan speaks | N/A |
Wednesday (2/11)
Time released | Economic report | Period |
8:30 am | Nonfarm payrolls report* | January |
January jobs data comes in hot
At the January Fed meeting, the central bank voted to keep the federal funds rate at its current range of 3.5% to 3.75%, citing a labor market that wasn't as strong as it would like but also not as bad as feared.
"50,000 jobs were added in December, following a similar gain in November, and the unemployment rate dipped to 4.4%," writes David Payne, staff economist at The Kiplinger Letter, in the Kiplinger jobs outlook. "That is enough, at the moment, to quiet the fears of an unfolding labor market downturn."
And the January jobs report further quieted these fears. According to the Bureau of Labor Statistics (BLS), nonfarm payrolls rose by 130,000 in January, more than double economists' estimates for roughly 55,000 new jobs.
Additionally, the unemployment rate, which is calculated from a separate survey, fell to 4.3% from 4.4% in December.
"Markets may have been expecting a downshift in today's numbers after last week's soft data, but the jobs market hit the gas pedal instead," says Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. "Today's data shows an acceleration in employment that was strong enough to drive unemployment lower – vindication for Chair Powell's holding pattern."
And the Fed is expected to remain on hold for at least its next two meetings. According to CME Group's FedWatch, futures traders are now pricing in a 92% chance the Fed will keep the rates unchanged when it meets in March, up from 80% one day ago. Betting odds are for the first rate cut of 2026 to come in June.
Thursday (2/12)
Time released | Economic report | Period |
8:30 am | Weekly jobless claims | Week ending February 7 |
10 am | Existing home sales | January |
7 pm | Dallas Fed President Lorie Logan speaks | N/A |
7:05 pm | Fed Governor Stephen Miran speaks | N/A |
Friday (2/13)
Time released | Economic report | Period |
8:30 am | Consumer Price Index (CPI) | January |
8:30 am | Core CPI | January |
CPI will be impacted by the "January effect," says BofA
The December CPI report showed that inflation is holding steady, though key areas such as shelter, food and energy saw prices rise. And while the Fed believes inflation "remains somewhat elevated," as it stated in its recent policy statement, the central bank chose to keep interest rates unchanged last month.
BofA Securities economists expect the January CPI report to show that inflation picked up to start the year. "Tariff pass‑through, coupled with the 'January effect' [for seasonal price adjustments] should support firmer monthly readings," they write.
The economists are calling for both headline and core CPI to be up 0.3% month over month and 2.5% year over year.
Reporting schedules are provided Forex Factory and MarketWatch.
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