by calculated risk January 6, 2024 08:11:00 AM
This week’s major reports are December’s CPI and November’s trade deficit.
—– Monday, January 8th —–
No major economic announcements are scheduled.
—– Tuesday, January 9th —–
6am: NFIB Small Business Optimism Index For December.
This graph shows the U.S. trade deficit with and without oil, according to the latest report. The blue line is the total deficit, the black line is the oil deficit, and the red line is the trade deficit excluding petroleum products.
The consensus is that the trade deficit will be $65 billion. The US trade deficit in October was $64.3 billion.
—– Wednesday, January 10th —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
—– Thursday, January 11th —–
8:30am: First weekly unemployment claim The report will be published. The consensus was 215,000, up from 202,000.
8:30am: December consumer price index From BLS. The consensus is for CPI to rise by 0.2% and core CPI to rise by 0.2%. The consensus is for CPI to rise 3.2% y/y and core CPI to rise 3.9% y/y.
—– Friday, January 12th —–
8:30 a.m. ET: December producer price index From BLS. The consensus is for PPI to rise 0.1% and core PPI to rise 0.2%.