January 13 – January 17, 2025 Economic report and policy meeting
On Wednesday, the U.S. Bureau of Labor Statistics releases the consumer price index for December. Economists forecast a 2.9% year-over-year increase in the CPI, two-tenths of a percentage point more than in November. The core CPI, which strips out volatile food and energy prices, is expected to rise 3.3%, matching the November figure. The annual change in the CPI has ranged from 2.4% to 2.9% over the past five months but getting to the Federal Reserve’s target of 2% has proved to be a sticky problem.
On Thursday, the Census Bureau reports retail and food services sales for December. Consensus estimate is for a 0.6% month-over-month increase, after a 0.7% gain in November. Excluding autos, retail sales are seen rising 0.5%, three-tenths of a percentage point more than previously.
| Date | Country | Event | Period |
|---|---|---|---|
| Mon, Jan 13 | Japan | BoP Current Account Balance | Nov |
| Tue, Jan 14 | Argentina | National CPI MoM | Dec |
| Tue, Jan 14 | Eurozone | ECB's Lane Gives Speech in Hong Kong | |
| Tue, Jan 14 | Italy | Industrial Production MoM | Nov |
| Tue, Jan 14 | South Korea | Unemployment rate SA | Dec |
| Tue, Jan 14 | United States | PPI Final Demand MoM | Dec |
| Wed, Jan 15 | Australia | Employment Change | Dec |
| Wed, Jan 15 | Australia | Unemployment Rate | Dec |
| Wed, Jan 15 | Eurozone | ECB's Guindos Gives Speech in Madrid | |
| Wed, Jan 15 | Eurozone | ECB's Villeroy speaks in Paris | |
| Wed, Jan 15 | Eurozone | ECB's Vujcic, Hungary's Matolcsy Speak in Vienna | |
| Wed, Jan 15 | France | CPI YoY | Dec |
| Wed, Jan 15 | Indonesia | BI-Rate | Wed, Jan 15 |
| Wed, Jan 15 | Japan | PPI YoY | Dec |
| Wed, Jan 15 | South Korea | BOK Base Rate | Wed, Jan 15 |
| Wed, Jan 15 | United Kingdom | CPI MoM | Dec |
| Wed, Jan 15 | United Kingdom | CPI YoY | Dec |
| Wed, Jan 15 | United Kingdom | CPI Core YoY | Dec |
| Wed, Jan 15 | United States | MBA Mortgage Applications | Wed, Jan 15 |
| Wed, Jan 15 | United States | Empire Manufacturing | Jan |
| Wed, Jan 15 | United States | CPI MoM | Dec |
| Wed, Jan 15 | United States | CPI YoY | Dec |
| Wed, Jan 15 | United States | Federal Reserve Releases Beige Book | |
| Thu, Jan 16 | China | GDP YoY | 4Q |
| Thu, Jan 16 | China | Industrial Production YoY | Dec |
| Thu, Jan 16 | China | Retail Sales YoY | Dec |
| Thu, Jan 16 | Eurozone | ECB Releases Account of Dec. 11-12 Meeting | |
| Thu, Jan 16 | Eurozone | ECB's Panetta speaks in Bologna | |
| Thu, Jan 16 | Germany | CPI YoY | Dec |
| Thu, Jan 16 | Germany | CPI MoM | Dec |
| Thu, Jan 16 | Germany | CPI EU Harmonized YoY | Dec |
| Thu, Jan 16 | Italy | CPI EU Harmonized YoY | Dec |
| Thu, Jan 16 | United Kingdom | Industrial Production MoM | Nov |
| Thu, Jan 16 | United Kingdom | Manufacturing Production MoM | Nov |
| Thu, Jan 16 | United States | Retail Sales Advance MoM | Dec |
| Thu, Jan 16 | United States | Initial Jobless Claims | |
| Fri, Jan 17 | Eurozone | CPI YoY | Dec |
| Fri, Jan 17 | Eurozone | ECB's Nagel Gives Speech in Frankfurt | |
| Fri, Jan 17 | Eurozone | CPI MoM | Dec |
| Fri, Jan 17 | Eurozone | ECB's Escriva, Centeno Speak in Madrid | |
| Fri, Jan 17 | United Kingdom | Retail Sales Inc Auto Fuel MoM | Dec |
| Fri, Jan 17 | United States | Housing Starts | Dec |
| Fri, Jan 17 | United States | Industrial Production MoM | Dec |
| Fri, Jan 17 | United States | Capacity Utilization | Dec |
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