U.S. Political, Economic Calendar - Week Ahead

Dow Jones12-15
All dates are in ET Time. 
 
Monday, December 15, 2025                                    Exp        Prev 
 ET/GMT 
0830/1330  Dec      Empire State Manufacturing Survey 
                       Mfg Idx                               10.0       18.7 
                       Employment Idx                                   6.6 
                       New Orders Idx                                   15.9 
                       Prices Received                                  24.0 
0830/1330           U.S. Weekly Export Sales 
0930/1430           Federal Reserve Governor Stephen Miran delivers speech on 
                    'The Inflation Outlook' 
1000/1500  Dec      NAHB Housing Market Index 
                       Housing Mkt Idx                       38         38 
1000/1500  Q3       Quarterly Financial Report - Industry 
1000/1500  Q3       Quarterly Financial Report - Retail Trade 
1030/1530           FRB New York President John Williams speaks at New Jersey 
                    Bankers Association discussion on economic growth 
1500/2000  Oct      Agricultural Prices 
                       Farm Prices, M/M% 
  N/A               G20 Sherpas, Finance and Central Bank Deputies Meetings 
 
Tuesday, December 16, 2025                                   Exp        Prev 
 ET/GMT 
0830/1330  Oct      Advance Monthly Sales for Retail & Food Services 
                       Overall Sales-SA, M/M%                +0.1%      +0.2% 
                       Sales, Ex-Auto, M/M%                  +0.2%      +0.3% 
                       Sales, Ex-Auto & Gas, M/M%                       +0.1% 
0830/1330  Nov      U.S. Employment Report 
                       Non-Farm Payrolls                     +50K 
                       Unemployment Rate                     4.5% 
                       Avg Hourly Earnings $(USD)$ 
                       Avg Hourly Earnings-Net Chg (USD) 
                       Avg Hourly Earnings, M/M%             +0.3% 
                       Avg Hourly Earnings, Y/Y% 
                       Overall Workweek 
                       Overall Workweek Net Chg 
                       Government Payrolls 
                       Private Payroll 
                       Participation Rate 
                       Non-Farm Payrolls Bench Net Chg 
0830/1330  Nov      New Residential Construction - Housing Starts and Building 
                    Permits - To Be Rescheduled 
                       Total Starts 
                       Housing Starts, M/M% 
                       Building Permits 
                       Building Permits, M/M% 
0855/1355  12/13    Johnson Redbook Retail Sales Index 
                       Ret Sales Mo-to-Date, Y/Y%                       +5.7% 
                       Latest Wk, Y/Y%                                  +5.7% 
0945/1445  Dec      US Flash Manufacturing PMI 
                       PMI, Mfg                                         51.9 
0945/1445  Dec      US Flash Services PMI 
                       PMI, Services                                    55.0 
1000/1500  Sep      Manufacturing & Trade: Inventories & Sales 
                       Total Inventories                     +0.1%      +0.0% 
1100/1600           ISM Semiannual Supply Chain Planning Forecast 
 
Wednesday, December 17, 2025                                 Exp        Prev 
 ET/GMT 
0700/1200  12/12    MBA Weekly Mortgage Applications Survey 
                       Composite Idx                                    327.9 
                       Composite Idx, W/W%                              +4.8% 
                       Purchase Idx-SA                                  181.6 
                       Purchase Idx-SA, W/W%                            -2.4% 
                       Refinance Idx                                    1190.6 
                       Refinance Idx, W/W%                              +14.3% 
1000/1500  Sep      Metropolitan Area Employment and Unemployment 
1030/1530  12/12    EIA Weekly Petroleum Status Report 
                       Crude Oil Stocks (Bbl)                           425.691M 
                       Crude Oil Stocks, Net Chg (Bbl)                  -1.812M 
                       Gasoline Stocks (Bbl)                            220.819M 
                       Gasoline Stocks, Net Chg (Bbl)                   +6.397M 
                       Distillate Stocks (Bbl)                          116.788M 
                       Distillate Stocks, Net Chg (Bbl)                 +2.502M 
                       Refinery Usage                                   94.5% 
                       Total Prod Supplied (Bbl/day)                    21.082M 
                       Total Prod Supplied, Net Chg                     +0.893M 
                       (Bbl/day) 
1230/1730           Federal Reserve Bank of Atlanta President Raphael Bostic 
                    speaks at Gwinnett County Chamber of Commerce discussion 
 
Thursday, December 18, 2025                                  Exp        Prev 
 ET/GMT 
0830/1330           U.S. Weekly Export Sales 
0830/1330  Nov      CPI 
                       CPI, M/M% 
                       Core CPI, M/M% 
                       Energy Idx, M/M% 
                       Food Idx, M/M% 
                       Real Avg Wkly Pay-Infla Adj, M/M% 
                       CPI, Y/Y%                             +3.1% 
                       Core Annual, Y/Y%                     +3.0% 
0830/1330  Nov      Real Earnings 
0830/1330  Dec      Philadelphia Fed Business Outlook Survey 
                       Business Activity                     3.6        -1.7 
                       Prices Paid                                      56.1 
                       Employment                                       6.0 
                       New Orders                                       -8.6 
                       Prices Received                                  17.7 
                       Delivery Times                                   -4.3 
                       Inventories                                      2.7 
                       Shipments                                        -8.7 
0830/1330  12/13    Unemployment Insurance Weekly Claims Report - Initial Claims 
                       Jobless Claims                        223K       236K 
                       Jobless Claims, Net Chg                          +44K 
                       Continuing Claims                                1838000 
                       Continuing Claims, Net Chg                       -99K 
1000/1500  Nov      Employment Trends Index 
                       ETI 
                       ETI, Y/Y% 
1000/1500  Oct      Employment Trends Index 
                       ETI                                              106.84 
                       ETI, Y/Y% 
1030/1530  12/12    EIA Weekly Natural Gas Storage Report 
                       Working Gas In Storage (Cbf)                     3746B 
                       Working Gas In Storage, Net Chg                  -177B 
                       (Cbf) 
1100/1600  Dec      Federal Reserve Bank of Kansas City Survey of Tenth District 
                    Manufacturing 
                       Mfg Activity Idx                                 18 
                       6-Mo Exp Prod Idx                                17 
                       Mfg Composite Idx                                8 
                       6-Mo Exp Composite Idx                           9 
1400/1900           U.S. Securities and Exchange Commission Closed Meeting 
1600/2100  Oct      Treasury International Capital Data 
1630/2130           Foreign Central Bank Holdings 
1630/2130           Federal Discount Window Borrowings 
 
Friday, December 19, 2025                                    Exp        Prev 
 ET/GMT 
1000/1500  Nov      Existing Home Sales 
                       Existing Sales                        4.13M      4.1M 
                       Existing Sales, M/M%                  +0.7%      +1.2% 
                       Unsold Homes Month's Supply                      4.4 
                       Median Price (USD)                               415200 
                       Median Home Price, Y/Y%                          +2.1% 
1000/1500  Dec      University of Michigan Survey of Consumers - final 
                       End-Mo Sentiment Idx                  53.8       51.0 
                       End-Mo Expectations Idx                          51.0 
                       12-Month Inflation Forecast                      4.5% 
                       5-Year Inflation Forecast                        3.4% 
                       End-Mo Current Idx                               51.1 
 
Monday, December 22, 2025                                    Exp        Prev 
 ET/GMT 
0830/1330           U.S. Weekly Export Sales 
0830/1330  Nov      Chicago Fed National Activity Index (CFNAI) 
                       NAI 
                       NAI, 3-mo Moving Avg 
1000/1500  Nov      Online Help Wanted Index 
1000/1500  Oct      Online Help Wanted Index 
 
Tuesday, December 23, 2025                                   Exp        Prev 
 ET/GMT 
0830/1330  Q3       Advance estimate GDP 
                       Annual Rate, Q/Q%                     +2.8%      +3.8% 
                       Chain-Weighted Price Idx, Q/Q%        +2.7%      +2.1% 
                       PCE Price Idx, Q/Q%                              +2.1% 
                       Purchase Price Idx, Q/Q%                         +2.0% 
                       Real Final Sales 1st Est, Q/Q%                   +7.5% 
                       Core PCE Price Idx, Q/Q%                         +2.6% 
                       Personal Consumption, Q/Q%                       +2.5% 
0830/1330  Q3       Preliminary Corporate Profits 
0830/1330  Oct      Advance Report on Durable Goods 
                       Durable Goods-SA, M/M%                           +0.5% 
                       Dur Goods, Ex-Defense, M/M%                      +0.1% 
                       Dur Goods, Ex-Transport, M/M%                    +0.6% 
                       Orders: Cap Gds, Non-Def, Ex-Air,                +0.9% 
                       M/M% 

(MORE TO FOLLOW) Dow Jones Newswires

December 15, 2025 06:30 ET (11:30 GMT)

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