by Calculated Risk on 12/03/2022 08:11:00 AM
The key economic report this week is the October trade deficit.
10:00 AM: the ISM Services Index for November.
8:00 AM: Corelogic House Price index for October.
8:30 AM: Trade Balance report for October from the Census Bureau.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
The consensus is the trade deficit to be $79.1 billion. The U.S. trade deficit was at $73.3 billion in September.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 230 thousand initial claims, up from 225 thousand last week.
8:30 AM: The Producer Price Index for November from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.2% increase in core PPI.
12:00 PM: Q3 Flow of Funds Accounts of the United States from the Federal Reserve.
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for December).