As traders approach another pivotal day for financial markets, Thursday, January 16, 2025, is set to deliver a series of crucial economic data releases that could sway market dynamics. The spotlight will be on retail sales figures, initial jobless claims, and the Philadelphia Fed Manufacturing Index, all of which have the potential to influence investor sentiment and market direction.
Major Economic Events to Watch
• 8:30 AM ET – Retail Sales (Forecast: 0.6%, Previous: 0.7%): A key indicator of consumer spending and overall economic activity.
• 8:30 AM ET – Core Retail Sales (Forecast: 0.5%, Previous: 0.2%): Measures retail sales excluding automobiles, providing insight into underlying consumer demand.
• 8:30 AM ET – Philadelphia Fed Manufacturing Index (Forecast: -5.2, Previous: -16.4): Gauges manufacturing conditions in the Philadelphia region.
• 8:30 AM ET – Initial Jobless Claims (Forecast: 210K, Previous: 201K): Provides the earliest measure of labor market health.
Other Important Economic Events to Watch
• 8:30 AM ET – Export Price Index (Forecast: 0.2%, Previous: 0.0%): Tracks price changes in U.S. export goods.
• 8:30 AM ET – Import Price Index (Forecast: -0.1%, Previous: 0.1%): Measures price changes in imported goods and services.
• 8:30 AM ET – Philly Fed Employment (Previous: 6.6): The employment component of the Philadelphia Fed index.
• 8:30 AM ET – Retail Control (Previous: 0.4%): A measure of retail sales used to calculate GDP.
• 8:30 AM ET – Continuing Jobless Claims (Forecast: 1,870K, Previous: 1,867K): Indicates the number of unemployed individuals qualifying for benefits.
• 10:00 AM ET – Retail Inventories Ex Auto (Forecast: 0.6%, Previous: 0.1%): Measures changes in retail inventory levels excluding automobiles.
• 10:00 AM ET – Business Inventories (Forecast: 0.1%, Previous: 0.1%): Indicates changes in the total value of inventories held by manufacturers, wholesalers, and retailers.
• 11:00 AM ET – FOMC Member Williams Speaks: Potential insights into monetary policy direction.
• 1:00 PM ET – Atlanta Fed GDPNow (Forecast: 2.7%, Previous: 2.7%): Provides a running estimate of real GDP growth for the current quarter.
• 4:30 PM ET – Reserve balances with Federal Reserve Banks (Previous: 3.332T): Shows the amount of money depository institutions maintain at Federal Reserve Banks.
• 4:30 PM ET – Fed’s Balance Sheet (Previous: 6,854B): Discloses the assets and liabilities of the Federal Reserve System.
Other Economic Events to Watch
• 8:30 AM ET – Retail Sales Ex Gas/Autos (Previous: 0.2%): Retail sales excluding volatile components.
• 8:30 AM ET – Philly Fed Business Conditions (Previous: 30.7): Measures general business conditions in the Philadelphia region.
• 8:30 AM ET – Philly Fed New Orders (Previous: -4.3): Indicates new orders received by manufacturers in the Philadelphia area.
• 8:30 AM ET – Philly Fed Prices Paid (Previous: 31.20): Measures inflationary pressures in the manufacturing sector.
• 8:30 AM ET – Philly Fed Capex Index (Previous: 18.80): Gauges capital expenditure plans in the Philadelphia region.
• 8:30 AM ET – Retail Sales (Previous: 3.80%): Year-over-year change in retail sales.
• 8:30 AM ET – Jobless Claims 4-Week Avg. (Previous: 213.00K): Smoothed measure of initial jobless claims.
• 8:30 AM ET – Export Price Index (Previous: 0.8%): Year-over-year change in export prices.
• 8:30 AM ET – Import Price Index (Previous: 1.3%): Year-over-year change in import prices.
• 10:00 AM ET – NAHB Housing Market Index (Forecast: 45, Previous: 46): Measures homebuilder sentiment.
• 10:30 AM ET – Natural Gas Storage (Forecast: -260B, Previous: -40B): Weekly change in natural gas inventories.
• 11:30 AM ET – 4-Week Bill Auction (Previous: 4.245%): Results of the Treasury’s short-term debt auction.
• 11:30 AM ET – 8-Week Bill Auction (Previous: 4.240%): Results of the Treasury’s short-term debt auction.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
