TIME (ET) REPORT PERIOD ACTUAL MEDIAN
FORECAST
PREVIOUS
MONDAY, MAY 20
8:30 am Chicago Fed national activity index April -0.45 0.05
8:50 am Raphael Bostic interview
9:30 am Patrick Harker speaks
1:05 pm Richard Clarida speaks
7 pm Jerome Powell speaks
TUESDAY, MAY 21
7:50am Raphael Bostic speaks
10 am Existing home sales April 5.35mln 5.21 mln
10:45am Charles Evans speaks
12:10pm Eric Rosengren speaks
11 pm James Bullard speaks
WEDNESDAY, MAY 22
10:10am Raphael Bostic speaks
2 pm FOMC minutes
THURSDAY, MAY 23
8:30 am Weekly jobless claims 5/18 217,000 212,000
9:45 am Markit manufacturing PMI (flash) May 52.6
9:45 am Markit services PMI (flash) May 53.0
10 am New home sales April 670,000 692,000
1 pm Rob Kaplan, Tom Barkin,
Mary Daly speak
FRIDAY, MAY 24
8:30 am Durable goods orders April -2.3% 2.6%
8:30 am Core capital goods orders April -0.3% 1.4%

Financial decisions are influenced by friends’ showy social media feeds

All Millennials Generation Z
Wonder how friends can afford expensive experiences posted on social media 60%      72%      74%
Pay more attention to how their friends spend versus save 57%      53%      61%
Spent more money than they can afford to participate in experiences with friends 35%      48%      41%
Influenced by social media to spend money on experiences 34%      49%      44%

Source: Charles Schwab

TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, MAY 13
11 am Survey of consumer expectations April
TUESDAY, MAY 14
6 am NFIB small-business index April 101.8
8:30 am Import price index April 0.6%
WEDNESDAY, MAY 15
8:30 am Retail sales April 0.2% 1.6%
8:30 am Retail sales ex-autos April 0.7% 1.2%
8:30 am Empire state index May 10.1
9:15 am Industrial production April -0.1% -0.1%
9.15 am Capacity utilization April 78.6% 78.8%
10 am Business inventories March 0.3%
10 am NAHB home builders’ index May 63
THURSDAY, MAY 16
8:30 am Weekly jobless claims 5/11 215,000 228,000
8:30 am Housing starts April 1.205mln 1.139mln
8:30 am Building permits April 1.296mln 1.288mln
8:30 am Philly Fed manufacturing index May 10.1 8.5
FRIDAY, MAY 17
10 am Consumer sentiment index May 97.0 97.2

The growing gulf between rich and poor households in the United States has worried some observers. They fret that the unrelenting decline of the middle class will lead to social instability or political upheaval.

Unfortunately, an analogous divide between the haves and have-nots of news media is also growing — a depressing trend that could have profound effects on the press’s role as a community watchdog. Read more…

TIME (ET) REPORT PERIOD ACTUAL FORECAST PREVIOUS
MONDAY, APRIL 29
8:30 am Personal income March 0.4% 0.2%
8:30 am Consumer spending March 0.8% 0.1% (Jan.)
8:30 am Core inflation March 0.1% 0.1% (Jan.)
TUESDAY, APRIL 30
8:30 am Employment cost index Q1 0.7% 0.7%
9 am Case-Shiller house price index Feb. 4.3%
9:45 am Chicago PMI April 58.7
10 am Consumer confidence index April 126.6 124.1
10 am Pending home sales index March -1.0%
WEDNESDAY,MAY 1
8:15 am ADP employment April 120,000
9:45 am Markit manufacturing PMI April 52.4
10 am ISM manufacturing index April 54.8% 55.3%
10 am Construction spending March -0.2% 1.0%
2 pm FOMC statement 2.25-2.5% 2.25-2.5%
2:30 pm Jerome Powell press conference
Varies Motor vehicle sales April 16.9mln 17.5mln
THURSDAY, MAY 2
8:30 am Weekly jobless claims 4/27 218,000 230,000
8:30 am Productivity Q1 2.8% 1.9%
8:30 am Unit labor costs Q1 0.7% 2.0%
10 am Factory orders March 1.6% -0.5%
FRIDAY, MAY 3
8:30 am Nonfarm payrolls April 190,000 196,000
8:30 am Unemployment rate April 3.8% 3.8%
8:30 am Average hourly earnings April 0.2% 0.1%
8:30 am Advance trade in goods (new date) March $73.0bln N/A
9:45 am Markit services PMI April 52.9
10 am ISM nonmanufacturing index April 57.5% 56.1%