Week 3 of the 2020 U.S. Economic Calendar marks the first week of corporate earnings announcements and some Federal Reserve news.
Middle East tensions continue to stay high while China and the United States are expected to sign a “Phase One” trade agreement on Wednesday.
As we look ahead, here are the key U.S. economic reports for the week of January 13 to January 17.
Monday, January 13
- No major announcements
Tuesday, January 14
- Small Business Optimism Index reporting for December
- Consumer Price Index for December — expected 0.2% increase
Wednesday, January 15
- Mortgage Bankers Association to release Mortgage Purchase Applications Index
- Producer Price Index for December
- New York Fed Empire State manufacturing report
- Fed Beige Book — various Fed Reserve regional leaders report on local outlooks
Thursday, January 16
- Weekly unemployment update — higher expected claims at 216,000 up from 214,000 to reflect seasonality
- U.S. Retail sales report – consensus expects 0.3% increase in large part to holiday shopping
- Philadelphia Federal Reserve manufacturing survey
- National Association of Home Builders survey — score of 74 expected which is lower than last score of 76. Score greater than 50 is viewed as strong sales environment among builders
Friday, January 17
- Federal Reserve report on Industrial Production and Capacity Utilization for December 2019 — both capacity and production are expected to decrease
- University of Michigan will release a Consumer sentiment index
- Labor Turnover and Job Openings report from the Bureau of Labor Statistics