Economic Calendar: Key Market Movers (week of 15Dec25)
Labour Market and Federal Reserve Indicators
These reports are critical inputs for the Federal Reserve’s interest rate decisions.
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The highly anticipated Non-Farm Payroll figures for November will be released. The previous reading was 119,000 jobs added.
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The Unemployment Rate for November is also due, with the previous forecast standing at 4.4%.
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Average Hourly Earnings for November will be published, which serves as a key indicator of wage inflation. The previous month-over-month increase was 0.2%.
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The latest Initial Jobless Claims data will be reported; the previous level was 236,000.
Inflation Measures
Inflation data is the most closely watched category, as unexpected increases can cause significant market volatility and disrupt the Federal Reserve’s plan to reduce interest rates.
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The Consumer Price Index (CPI) will be released. The previous readings were 0.2% month-over-month and 3.0% year-over-year. Any uptick in these figures is likely to challenge the Fed’s easing strategy.
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The Personal Consumption Expenditures (PCE) Price Index data will be released. This is the Federal Reserve’s preferred indicator for inflation. The Core PCE Price Index (year-over-year) was previously 2.8%. A rise in PCE inflation will make it difficult for the Fed to move forward with plans to lower interest rates.
Sectoral Activity and Economic Outlook
These announcements provide a detailed look into the health of various sectors of the U.S. and global economy.
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Retail Sales data will be released. This represents current consumption levels in America and is a good reference for projecting consumer spending trends in the coming months.
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The S&P Global Manufacturing PMI and S&P Global Services PMI for December will be published. These indices offer an outlook for both manufacturing and services globally. A figure that remains above 50 indicates expansion in the respective category.
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The Philadelphia Fed Manufacturing Index for December is due. The previous reading was -1.7, serving as a specific reference for the manufacturing sector in the Philadelphia region.
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Existing Home Sales data will be released, reflecting the current state of the real estate market. The previous figure was 4.1 million units.
Commodities
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Crude Oil Inventories will be reported. The previous report showed a drop of $1.812$ million barrels. A continued drop in crude oil inventories is generally viewed as positive for production and consumption trends in the near future.
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