by calculated risk March 23, 2024 08:11:00 AM
Key reports scheduled for this week include new home sales for February, third estimates of fourth-quarter GDP, personal income and spending for February, and Case-Shiller home prices for January.
Regarding manufacturing, the Dallas, Richmond, and Kansas City Fed surveys for March will be released.
—– Monday, March 18th —–
8:30 a.m. ET: Chicago Fed National Activity Index For February. This is a composite index of other data.
This graph shows new home sales since 1963. The dashed line is last month's sales rate.
The consensus was 673,000 SAAR, up from 661,000 SAAR in January.
—– Tuesday, March 19th —–
8:30am: Ordering durable goods February from the Census Bureau. The consensus is for durable goods orders to increase by 1.0%.
This graph shows year-over-year changes in the Case-Shiller National Index, Composite 10 Index, and Composite 20 Index through the most recent report (Composite 20 began in January 2000).
Consensus expects the national index to rise 5.8% year-over-year in January, up from December's 5.5% year-over-year rise.
9:00am: FHFA Home Price Index This was originally a GSE-only repeat sale, but there is also an expanded index.
10 am: Richmond Fed Manufacturing Activity Survey For March.
10:30am: Dallas Fed Manufacturing Activity Survey For March.
—– Wednesday, March 20th —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
—– March 21st (Thursday) —–
8:30am, Gross Domestic Product, Q4 and Annual 2023 (Third Estimates), GDP by industry, corporate profits. The consensus was for real GDP to grow at an annual rate of 3.2% in the fourth quarter, unchanged from the second estimate.
8:30am: First weekly unemployment claim The report will be published. The consensus was 208,000 initial claims, down from 210,000 last week.
9:45am: Chicago Purchasing Managers Index For March. The consensus is expected to be 43.0, down from February's 44.0.
10 am: Pending Home Sales Index For February. The consensus is for the index to rise 2.0%.
10 am: University of Michigan Consumer Confidence Index (Final episode in March). Consensus is 76.5.
11am: Kansas City Fed Manufacturing Survey For March. This will be the last regional survey in March.
—– Friday, March 22nd —–
8:30am: personal income and expenses For February. The consensus is for personal income to increase by 0.4% and personal spending to increase by 0.5%. And the core PCE price index will rise by 0.3%. PCE prices are expected to rise 2.5% year-on-year, and core PCE prices are expected to rise 2.8% year-on-year.
11:30am: Discussion with Federal Reserve Chairman Jerome Powellmoderated discussion with Kai Ryssdal at the San Francisco Federal Reserve Bank Macroeconomics and Monetary Policy Conference, San Francisco, California.