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2020 Week 28 U.S. Economic Calendar

By July 6, 2020July 13th, 2020Econ News, Economic Calendar
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Week 28 of the 2020 U.S. Economic Calendar highlights weekly employment, CoreLogic house pricing, and a Consumer Credit report from the Fed.

Last week’s market recap:

July 4th weekend has come-and-gone in the United States.

The biggest headlines featuring COVID-19 included record-breaking cases in Florida and hospitals reaching ICU capacity in Houston. Neither location will see new COVID-19 patients resulting from July 4th gatherings for another 1-2 weeks to account for the virus’ incubation period.

Despite rising numbers, the DOW and S&P 500 nudged positive before the holiday weekend. The equity markets will look to find a consistent pattern in the week ahead.

Here are your key economic updates for the week ahead, July 6 – July 10:

Monday, July 6

  • ISM Non-Manufacturing data – consensus is 50.0 up from 45.4

Tuesday, July 7

  • Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics
  • CoreLogic house price index for May

Wednesday, July 8

  • MBA will release mortgage purchase applications index
  • Consumer Credit report from the Federal Reserve

Thursday, July 9

  • Weekly unemployment claims – consensus is 1.400 million, down from last week’s 1.427 million claims. Consensus estimates have missed the last two weeks (trending higher).

Friday, July 10

  • Producer Price Index for May from the BLS. Consensus is a 0.4% increase in PPI and a 0.1% increase in core PPI.
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