Well, a lot and each of these will affect how the market will look like. So, if you’re investing or trading, you might want to keep your eyes glued on the announcements that may shape how well your portfolio is performing.
Some of the major economic indicators published by the US government agencies and other sources include:
Gross Domestic Product (GDP): GDP is the total value of goods and services produced within a country’s borders during a specific time period and is considered a key measure of economic activity.
Employment Situation Report: This report, published monthly by the U.S. Bureau of Labor Statistics (BLS), provides data on employment, unemployment, and other labor market indicators, such as the unemployment rate, nonfarm payrolls, and average hourly earnings.
Consumer Price Index (CPI): The CPI measures changes in the prices of a basket of goods and services commonly purchased by households and is used as a gauge of inflation. It is published monthly by the Bureau of Labor Statistics.
Producer Price Index (PPI): The PPI measures changes in prices received by domestic producers for their goods and services and provides insights into inflationary pressures at the producer level. It is also published monthly by the Bureau of Labor Statistics.
Retail Sales: This indicator measures retail establishments’ total sales of goods and services and is published monthly by the U.S. Census Bureau. It is considered a key indicator of consumer spending, an important economic growth driver.
Housing Starts and Building Permits: These indicators provide data on new residential construction, including the number of new housing units that have begun construction (housing starts) and the number of permits issued for new construction (building permits). They are published monthly by the U.S. Census Bureau and are used as indicators of the health of the housing market, which is a significant component of the U.S. economy.
Durable Goods Orders: This indicator measures the total value of new orders for long-lasting manufactured goods, such as automobiles and appliances. It is published monthly by the U.S. Census Bureau and is considered a gauge of business investment and consumer spending.
Consumer Confidence Index: This index measures the level of confidence that consumers have in the overall state of the economy and their personal financial situation. It is published monthly by the Conference Board, a private research group, and is considered a leading indicator of consumer spending.
Trade Balance: This indicator measures the difference between the value of a country’s exports and imports of goods and services. It is published monthly by the U.S. Census Bureau and provides insights into the country’s international trade position and competitiveness.
Federal Reserve Interest Rate Decisions: The Federal Reserve, the central bank of the United States, sets monetary policy through interest rate decisions. The Federal Open Market Committee (FOMC) announces its decisions on the federal funds rate, which is the interest rate at which banks lend to each other overnight, and other monetary policy actions, which can impact borrowing costs, investment decisions, and overall economic conditions.