🗓️ Economic Data of the Week
"Week of July 13th to July 17th"
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The week ahead features a critical slate of economic data, highlighted by June’s CPI and PPI inflation reports. Investors will be watching closely for signs that lower oil prices are beginning to ease broader inflation pressures.
Tuesday’s CPI report is expected to show headline inflation cooling to 3.8% year over year from 4.2%, while Core CPI is forecast to remain at 2.9%. Wednesday brings the PPI report, with headline producer inflation expected to ease to 6.2%, though Core PPI is projected to reaccelerate to 5.2%, underscoring persistent underlying price pressures.
Consumer strength will also be in focus. June Retail Sales are expected to rise 0.3% on Thursday after a robust 0.9% increase in May, offering another gauge of household spending.
Housing data rounds out the week. Pending Home Sales are expected to slip 0.2%, NAHB Homebuilder Sentiment is forecast to remain weak at 35, while Friday’s Housing Starts and Building Permits are expected to improve modestly. We’ll also receive the preliminary July Michigan Consumer Sentiment survey, with economists expecting sentiment to edge higher to 51.0 and one-year inflation expectations to ease to 4.4%.
Rounding out the week are the NY Empire State Manufacturing Index, Import and Export Prices, and comments from several Federal Reserve officials, including Waller, Bowman, Williams, Barr, Goolsbee, Cook, and Jefferson.
How do you think this week’s reports will affect the market?
Let me know what you think in the comments.
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