Economic Data Forecasts For The Weeks Of Jan. 20 And 27, 2025

Here are my forecasts for upcoming economic data.      
    Prior  
  Forecast Observation  
Week of January 20      
January 22      
Leading Indicators 0.0% 0.3  
       
January 23      
Initial Unemployment Claims      
Chicago Fed Natonal Activity Index - December -0.12 -0.12  
       
January 24      
PMI Manufacturing Flash Index - January 48.4 49.4  
PMI Services Flash Index - January 56.8 56.8  
       
Existing Home Sales - December 4.200M 4.150  
Michigan Consumer Sentiment - February (f) 73.2 73.2  
       
Week of January 27      
January 27      
New Home Sales - December 672K 664  
Dallas Fed Index - January -3.0 3.4  
       
January 28      
Durable Goods Orders - December 1.0% -1.2  
       
S&P Case/Shiller Index - November      
Twenty City M/M -0.1% -0.2  
Twenty City M/M - SA 0.3 0.3  
Twenty City Y/Y 4.3 4.3  
       
FHFA Housing Market Index - November 0.4% 0  
Consumer Confidence Index 106.0 104.7  
Richmond Fed Index -10.0 -6.0  
       
January 29      
International Trade in Goods (a) - December -115.1B -102.9  
Wholesale Inventories (a) 0.4% -0.2  
FOMC 4.375% 4.375  
       
January 30      
GDP - Q4 (a) 2.8% 3.1  
Pending Home Sales - December  78.3 79.1  
       
January 31      
Employment Cost Index - Q4 1.1% 0.8  
Employment Cost Index - Y/Y 3.9 3.9  
       
Personal Income - December 0.4% 0.3  
Personal Spending 0.4 0.4  
       
Chicago PMI - January 40.0 36.9  
 

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Peter Morici is an economist and professor at the Smith School of Business, University of Maryland, and widely published columnist. He is the five time winner of the MarketWatch best forecaster ...

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