GOVERNMENT REPORT SERIES
Background: The Consumer Price Index (CPI) measures the average change in the prices paid for a market basket of goods and services. These items are purchased for consumption by the two groups covered by the index: All Urban Consumers (CPI-U) and Urban Wage Earners and Clerical Workers, (CPI-W).
Expect that the market will be pricing-in the impact of worsening inflation on corporate profits early this week.
Market Today 7-11-22
U.S. stocks this morning declined as consumer price index reports are due out on Wednesday and earnings season is kicks off this week.
Weekly Calendar
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, JULY 11
11 am 3-year inflation expectations June — 3.9%
2 pm New York Fed President John Williams discusses move away from LIBOR
TUESDAY, JULY 12
6 am NFIB small-business index June 93.0 93.1
12:30 pm Richmond Fed President Tom Barkin speaks
WEDNESDAY, JULY 13
8:30 am Consumer price index (monthly) June 1.1% 1.0%
8:30 am Core CPI (monthly) June 0.5% 0.6%
8:30 am CPI (year-over-year) June 8.8% 8.6%
8:30 am Core CPI (year-over-year) June 5.7% 6.0%
2 pm Beige book
2 pm Federal budget (comparison vs. year-ago) June — -$174 billion
THURSDAY, JULY 14
8:30 am Producer price index final demand (monthly) June 0.8% 0.8%
8:30 am Initial jobless claims July 9 234,000 235,000
8:30 am Continuing jobless claims July 2 — 1.38 million
11 am Fed Gov. Chris Waller speaks
FRIDAY, JULY 15
8:30 am Retail sales June 0.9% -0.3%
8:30 am Retail sales excluding vehicles June 0.5% 0.5%
8:30 am Import price index June 0.7% 0.6%
8:30 am Empire state manufacturing index July -1.0 -1.2
8:45 am Atlanta Fed President Raphael Bostic speaks
9:15 am Industrial production index June 0.1% 0.1%
9:15 am Capacity utilization June 80.5% 80.8%
10 am UMich consumer sentiment index (preliminary) July 50.2 50.0
10 am UMich 5-year inflation expectations (preliminary) July — 3.1%
10 am Business inventories May 1.2% 1.2%
