As we head into the week of June 22, 2025, several key economic indicators and events are set to unfold, providing valuable insights into the state of the economy. From housing data to Fed Chair Jerome Powell’s testimony, here’s what to keep an eye on:
Existing Home Sales (Monday, June 23rd):
The National Association of Realtors is set to release the Existing Home Sales data for May. Economists are expecting a slight decline in the seasonally adjusted annual rate (SAAR) from April’s figures. Housing economist Tom Lawler, however, anticipates a slight uptick in sales to 4.03 million SAAR. This data will shed light on the strength of the housing market.
S&P/Case-Shiller House Price Index and FHFA House Price Index (Tuesday, June 24th):
The S&P/Case-Shiller and FHFA House Price Indexes for April will provide valuable insights into the trend of home prices across the nation. The data will help gauge the health of the housing market and its impact on the overall economy.
Richmond Fed Survey of Manufacturing Activity (Tuesday, June 24th) and Kansas City Fed Manufacturing Survey (Thursday, June 26th):
The manufacturing sector’s pulse will be revealed through the Richmond and Kansas City Fed’s manufacturing surveys. These reports will offer valuable information on the state of manufacturing activity, which plays a crucial role in economic growth.
Federal Reserve Chair Jerome Powell’s Testimony (Monday, June 23rd, and Wednesday, June 25th):
Fed Chair Jerome Powell will testify before Congress on the Semiannual Monetary Policy Report. Powell’s insights into the Fed’s outlook on the economy, inflation, and interest rates will be closely watched by investors and market participants for clues on future monetary policy decisions.
Gross Domestic Product (Thursday, June 26th):
The third estimate of Q1 GDP will be released, providing a final look at the economic performance in the first quarter of 2024. Economists expect a slight decrease in real GDP, highlighting the challenges faced by the economy.
Personal Income and Outlays (Friday, June 27th):
The Personal Income and Outlays report for May will offer insights into consumer spending patterns and income growth. Analysts are forecasting a moderate increase in personal income and spending, along with the Core PCE price index, which measures inflation.
University of Michigan’s Consumer Sentiment Index (Friday, June 27th):
The final reading of the University of Michigan’s Consumer Sentiment Index for June will gauge consumer confidence and sentiment. A positive outlook could bode well for consumer spending and economic growth.
Federal Reserve Bank Stress Test Results (Friday, June 27th):
The Federal Reserve will announce the results of its annual bank stress tests, assessing the resilience of major financial institutions to adverse economic conditions. The results will impact banking stocks and provide insights into the stability of the financial system.
In conclusion, the upcoming economic indicators and events this week will offer a comprehensive view of the economy’s health and prospects. Investors, policymakers, and economists will closely monitor these releases for valuable insights into the trajectory of the economy and potential market implications.
References:
1. “People Moves: 16 – 20 June 2025” – [https://www.insuranceage.co.uk/insight/7956809/people-moves-16-%E2%80%93-20-june-2025]
2. “Schedule for Week of June 22, 2025” – [https://www.calculatedriskblog.com/2025/06/schedule-for-week-of-june-22-2025.html]
