Stay updated with the latest developments in the Red Economy for the week of September 16, 2024. Explore economic forecasts, key policy changes, and market trends impacting the economy.
Red Economy News:
Key Insights for the Week of September 16, 2024
1. Overview of the Red Economy
– Briefly define what constitutes the “Red Economy” and its significance in current economic discussions.
2. Upcoming Economic Reports
– Federal Reserve Meeting:
Anticipated interest rate cuts and their implications for the economy.
– City of Winnipeg Financial Update:
Key takeaways from the financial status report scheduled for September 16, 2024, include budget forecasts and economic development plans.
3. Market Trends to Watch
– Stock Market Predictions:
Analyze recent trends in the stock market, including the performance of major indices and expectations for the upcoming week.
– Commodity Prices:
Discuss the impact of recent oil price fluctuations and how they may influence the broader economy.
4. Key Economic Indicators
– Inflation Rates: Update on inflation trends and their effects on consumer spending and borrowing costs.
– Job Market Insights: Overview of employment statistics and how they reflect economic health leading into the fall season.
5. Political and Economic Policy Changes
– Kamala Harris’ Economic Proposals:
Overview of recent policy announcements aimed at small business growth and economic stimulation.
– Impact of Election Season on Economic Policies:
Discuss how the upcoming elections may shape economic strategies and voter sentiment regarding the economy.
Tuesday, September 17, 2024
| Tue Sep 17 |
12:30 pm
|
CAD |
CPI m/m
|
Actual:? | Forecast: 0.1% | Previous: 0.4% | ||||
| CAD |
Median CPI y/y
|
Actual:? | Forecast: 2.3% | Previous: 2.4% | ||||||
| CAD |
Trimmed CPI y/y
|
Actual:? | Forecast: 2.6% | Previous: 2.7% | ||||||
| USD |
Core Retail Sales m/m
|
Actual:? | Forecast: 0.2% | Previous: 0.4% | ||||||
| USD |
Retail Sales m/m
|
Actual:? | Forecast: -0.2% | Previous: 1.0% |
Wedsday September 18, 2024
| WedSep 18 |
6:00 am
|
GBP |
CPI y/y
|
Actual:? | Forecast: 2.2% | Previous: 2.2% | ||||
|
6:00 pm
|
USD |
Federal Funds Rate
|
Actual:? | Forecast: 5.25% | Previous: 5.50% | |||||
| USD |
FOMC Economic Projections
|
|||||||||
| USD |
FOMC Statement
|
|||||||||
|
6:30 pm
|
USD |
FOMC Press Conference
|
||||||||
|
10:45 pm
|
NZD |
GDP q/q
|
Actual:? | Forecast: -0.4% | Previous: 0.2% |
Thursday, September 19, 2024
| ThuSep 19 |
1:30 am
|
AUD |
Employment Change
|
Actual:? | Forecast: 25.8K | Previous: 58.2K | ||||
| AUD |
Unemployment Rate
|
Actual:? | Forecast: 4.2% | Previous: 4.2% | ||||||
|
11:00 am
|
GBP |
Monetary Policy Summary
|
||||||||
| GBP |
MPC Official Bank Rate Votes
|
Actual:? | Forecast: 0-2-7 | Previous: 0-5-4 | ||||||
| GBP |
Official Bank Rate
|
Actual:? | Forecast: 5.00% | Previous: 5.00% | ||||||
|
12:30 pm
|
USD |
Unemployment Claims
|
Actual:? | Forecast: 232K | Previous: 230K |
Friday, September 20, 2024
| FriSep 20 |
Tentative
|
JPY |
BOJ Policy Rate
|
Actual:? | Forecast: <0.25% | Previous: <0.25% | ||||
|
Tentative
|
JPY |
Monetary Policy Statement
|
||||||||
|
Tentative
|
JPY |
BOJ Press Conference
|
||||||||
|
6:00 am
|
GBP |
Retail Sales m/m
|
Actual:? | Forecast: 0.4% | Previous: 0.5% | |||||
|
12:15 pm
|
CAD |
BOC Gov Macklem Speaks
|
||||||||
|
12:30 pm
|
CAD |
Core Retail Sales m/m
|
Actual:? | Forecast: -0.5% | Previous: 0.3% | |||||
| CAD |
Retail Sales m/m
|
Actual:? | Forecast: 0.3% | Previous: -0.3% |
Other Economic News
|
Monday, September 16, 2024 |
Actual |
Previous |
Consensus |
Forecast |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 08:00 AM |
|
Inflation Rate YoY Final AUG | 1.3% | 1.1% | 1.1% | |||||
| 09:00 AM |
|
Balance of Trade JUL | €22.3B | €14.9B | €18.0B | |||||
| 09:00 AM |
|
Balance of Trade JUL | €5.065B | €4.5B | €6.1B | |||||
| 12:30 PM |
|
NY Empire State Manufacturing Index SEP | -4.70 | -3.9 | -2 | |||||
|
Balance of Trade AUG | $-23.5B | $-24B | |||||||
|
BCB Focus Market Readout | |||||||||
|
Tuesday, September 17, 2024 |
Actual |
Previous |
Consensus |
Forecast |
||||||
| 04:00 AM |
|
Balance of Trade AUG | $0.47B | $1.96B | $1.3B | |||||
| 09:00 AM |
|
ZEW Economic Sentiment Index SEP | 17.9 | 17.6 | 22 | |||||
| 09:00 AM |
|
ZEW Economic Sentiment Index SEP | 19.2 | 17.2 | 19 | |||||
| 12:15 PM |
|
Housing Starts AUG | 279.5K | 247K | 263.0K | |||||
| 12:30 PM |
|
Inflation Rate YoY AUG | 2.5% | 2.4% | ||||||
| 12:30 PM |
|
Core Inflation Rate YoY AUG | 1.7% | 1.7% | ||||||
| 12:30 PM |
|
Inflation Rate MoM AUG | 0.4% | 0.1% | 0.3% | |||||
| 12:30 PM |
|
Retail Sales MoM AUG | 1% | 0.2% | 0.3% | |||||
| 12:30 PM |
|
Retail Sales Ex Autos MoM AUG | 0.4% | 0.3% | 0.3% | |||||
| 01:15 PM |
|
Industrial Production MoM AUG | -0.6% | 0% | 0.2% | |||||
| 02:00 PM |
|
Business Inventories MoM JUL | 0.3% | 0.4% | 0.2% | |||||
| 02:00 PM |
|
Fed Logan Speech | ||||||||
| 02:00 PM |
|
NAHB Housing Market Index SEP | 39 | 40 | 40 | |||||
| 08:30 PM |
|
API Crude Oil Stock Change SEP/13 | -2.79M | |||||||
| 11:50 PM |
|
Balance of Trade AUG | ¥-621.8B | ¥-590B | ||||||
| 11:50 PM |
|
Exports YoY AUG | 10.3% | 9.0% | ||||||
| 11:50 PM |
|
Machinery Orders MoM JUL | 2.1% | 0.8% | 0.7% | |||||
| 11:50 PM |
|
Machinery Orders YoY JUL | -1.7% | -1.0% | ||||||
|
Wednesday, September 18, 2024 |
Actual |
Previous |
Consensus |
Forecast |
||||||
| 06:00 AM |
|
Inflation Rate YoY AUG | 2.2% | 2.2% | 2.1% | |||||
| 06:00 AM |
|
Core Inflation Rate YoY AUG | 3.3% | 3.5% | 3.4% | |||||
| 06:00 AM |
|
Inflation Rate MoM AUG | -0.2% | 0.1% | ||||||
| 07:30 AM |
|
Interest Rate Decision | 6.25% | 6.25% | ||||||
| 08:00 AM |
|
Inflation Rate MoM AUG | 0.4% | 0.2% | ||||||
| 08:00 AM |
|
Inflation Rate YoY AUG | 4.6% | 4.5% | ||||||
| 09:00 AM |
|
Inflation Rate YoY Final AUG | 2.6% | 2.2% | 2.2% | |||||
| 12:30 PM |
|
Building Permits Prel AUG | 1.406M | 1.41M | 1.42M | |||||
| 12:30 PM |
|
Building Permits MoM Prel AUG | -3.3% | 1.1% | ||||||
| 12:30 PM |
|
Housing Starts AUG | 1.238M | 1.25M | 1.28M | |||||
| 12:30 PM |
|
Housing Starts MoM AUG | -6.8% | 3.2% | ||||||
| 02:30 PM |
|
EIA Crude Oil Stocks Change SEP/13 | 0.833M | |||||||
| 02:30 PM |
|
EIA Gasoline Stocks Change SEP/13 | 2.311M | |||||||
| 05:30 PM |
|
BoC Summary of Deliberations | ||||||||
| 06:00 PM |
|
Fed Interest Rate Decision | 5.5% | 5.25% | 5.25% | |||||
| 06:00 PM |
|
FOMC Economic Projections | ||||||||
| 06:30 PM |
|
Fed Press Conference | ||||||||
| 08:00 PM |
|
Net Long-term TIC Flows JUL | $96.1B | $54.9B | ||||||
| 09:30 PM |
|
Interest Rate Decision | 10.5% | 10.75% | 10.75% | |||||
|
RBA Jones Speech | |||||||||
|
Thursday, September 19, 2024 |
Actual |
Previous |
Consensus |
Forecast |
||||||
| 01:30 AM |
|
Employment Change AUG | 58.2K | 30.8K | ||||||
| 01:30 AM |
|
Full-Time Employment Chg AUG | 60.5K | |||||||
| 01:30 AM |
|
Part-Time Employment Chg AUG | -2.3K | |||||||
| 01:30 AM |
|
Unemployment Rate AUG | 4.2% | 4.2% | ||||||
| 06:00 AM |
|
New Car Registrations YoY AUG | 0.2% | -20% | ||||||
| 11:00 AM |
|
TCMB Interest Rate Decision | 50% | 50% | 50.0% | |||||
| 11:00 AM |
|
BoE Interest Rate Decision | 5% | 5% | 5.0% | |||||
| 11:00 AM |
|
BoE MPC Vote Cut | 5/9 | 2/9 | ||||||
| 11:00 AM |
|
BoE MPC Vote Hike | 0/9 | 0/9 | ||||||
| 11:00 AM |
|
BoE MPC Vote Unchanged | 4/9 | 7/9 | ||||||
| 11:00 AM |
|
MPC Meeting Minutes | ||||||||
| 12:30 PM |
|
Current Account Q2 | $-237.6B | $-257B | $ -252.0B | |||||
| 12:30 PM |
|
Initial Jobless Claims SEP/14 | 230K | 230K | 234.0K | |||||
| 12:30 PM |
|
Philadelphia Fed Manufacturing Index SEP | -7 | 2.4 | 1 | |||||
| 01:00 PM |
|
Interest Rate Decision | 8.25% | 8% | 8.0% | |||||
| 02:00 PM |
|
Existing Home Sales AUG | 3.95M | 3.85M | 4M | |||||
| 02:00 PM |
|
Existing Home Sales MoM AUG | 1.3% | 0.9% | ||||||
| 11:01 PM |
|
Gfk Consumer Confidence SEP | -13 | -13 | -13 | |||||
| 11:30 PM |
|
Inflation Rate YoY AUG | 2.8% | 3.0% | ||||||
| 11:30 PM |
|
Core Inflation Rate YoY AUG | 2.7% | 2.8% | 2.8% | |||||
|
Friday, September 20 2024 |
Actual |
Previous |
Consensus |
Forecast |
||||||
| 01:15 AM |
|
Loan Prime Rate 1Y | 3.35% | 3.35% | 3.35% | |||||
| 01:15 AM |
|
Loan Prime Rate 5Y SEP | 3.85% | 3.85% | 3.85% | |||||
| 04:00 AM |
|
BoJ Interest Rate Decision | 0.25% | 0.25% | 0.25% | |||||
| 06:00 AM |
|
PPI YoY AUG | -0.8% | -0.9% | -0.8% | |||||
| 06:00 AM |
|
Retail Sales MoM AUG | 0.5% | 0.3% | 0.2% | |||||
| 06:00 AM |
|
Retail Sales ex Fuel MoM AUG | 0.7% | 0.2% | ||||||
| 06:00 AM |
|
Retail Sales YoY AUG | 1.4% | 1% | ||||||
| 06:45 AM |
|
Business Confidence SEP | 99 | 99 | 99 | |||||
| 07:00 AM |
|
Consumer Confidence SEP | 76.4 | 77 | ||||||
| 08:00 AM |
|
Balance of Trade JUL | €-0.7B | €-4.2B | ||||||
| 12:30 PM |
|
New Housing Price Index MoM AUG | 0.2% | 0.1% | ||||||
| 12:30 PM |
|
New Housing Price Index YoY AUG | 0.1% | 0.3% | ||||||
| 12:30 PM |
|
Retail Sales Ex Autos MoM JUL | 0.3% | -0.4% | 0.5% | |||||
| 12:30 PM |
|
Retail Sales MoM JUL | -0.3% | 0.3% | 0.6% | |||||
| 02:00 PM |
|
Consumer Confidence Flash SEP | -13.5 | -13.0 | -13.1 | |||||
| 03:00 PM |
|
ECB President Lagarde’s Speech | ||||||||
| 06:00 PM |
|
Fed Harker Speech | ||||||||
|
Sunday, September 22 2024 |
Actual |
Previous |
Consensus |
Forecast |
||||||
| 11:00 PM |
|
Judo Bank Manufacturing PMI Flash SEP | 48.5 | 49 | ||||||
| 11:00 PM |
|
Judo Bank Services PMI Flash SEP | 52.5 | 52.6 | ||||||
Conclusion
Summarize the key points discussed and emphasize the importance of staying informed about economic developments as they unfold throughout the week.
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