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CPI data, oil inventories take center stage Wednesday

Published 01/14/2025, 02:00 PM
© Reuters.

As traders approach another pivotal day for financial markets on Wednesday, January 15, 2025, a series of crucial economic data releases that could sway market dynamics are expected. The spotlight will be on the Consumer Price Index (CPI) figures, Core CPI data, and the EIA Crude Oil Inventories report, all of which have the potential to influence market sentiment and monetary policy expectations.

Major Economic Events to Watch

• 8:30 AM ET: Core CPI (forecast: 0.2%, previous: 0.3%) - Measures price changes excluding food and energy

• 8:30 AM ET: CPI (forecast: 0.4%, previous: 0.3%) - Gauges overall consumer price changes

• 8:30 AM ET: CPI Year-over-Year (forecast: 2.9%, previous: 2.7%) - Indicates annual inflation rate

• 10:30 AM ET: EIA Crude Oil Inventories (forecast: -3.500M, previous: -0.959M) - Reflects weekly change in commercial crude oil stocks

Other Important Economic Events to Watch

• 4:00 AM ET: IEA Monthly Report - Provides analysis of global oil market trends

• 8:30 AM ET: Core CPI Year-over-Year (forecast: 3.3%, previous: 3.3%) - Shows annual core inflation rate

• 8:30 AM ET: NY Empire State Manufacturing Index (forecast: -0.30, previous: 0.20) - Indicates manufacturing conditions in New York

• 10:00 AM ET: FOMC Member Kashkari Speaks - May offer insights into monetary policy

• 10:30 AM ET: EIA Weekly Cushing Oil Inventories (previous: -2.502M) - Measures crude oil storage levels at key delivery point

• 11:00 AM ET: FOMC Member Williams Speaks - Could provide clues on Fed's economic outlook

• 12:00 PM ET: Fed Goolsbee Speaks - May discuss economic conditions and policy stance

• 2:00 PM ET: Beige Book - Offers regional economic assessments used by FOMC

Other Economic Events to Watch

• 7:00 AM ET: MBA 30-Year Mortgage Rate (previous: 6.99%) - Indicates average fixed mortgage rates

• 7:00 AM ET: MBA Mortgage Applications (previous: -3.7%) - Shows change in mortgage application volume

• 7:00 AM ET: MBA Purchase Index (previous: 127.7) - Reflects mortgage applications for home purchases

• 7:00 AM ET: Mortgage Market Index (previous: 168.4) - Covers all mortgage applications

• 7:00 AM ET: Mortgage Refinance Index (previous: 401.1) - Measures refinancing activity

• 8:30 AM ET: Real Earnings (previous: 0.3%) - Indicates changes in inflation-adjusted earnings

• 8:30 AM ET: CPI Index, n.s.a. (previous: 315.49) - Non-seasonally adjusted consumer price index

• 8:30 AM ET: Core CPI Index (previous: 322.66) - Consumer price index excluding food and energy

• 8:30 AM ET: CPI, n.s.a (previous: -0.05%) - Non-seasonally adjusted monthly CPI change

• 8:30 AM ET: CPI Index, s.a (previous: 316.44) - Seasonally adjusted consumer price index

• 9:00 AM ET: FOMC Member Barkin Speaks - May offer economic insights

• 10:30 AM ET: EIA Refinery Crude Runs (previous: 0.045M) - Shows crude oil processed by refineries

• 10:30 AM ET: EIA Weekly Refinery Utilization Rates (previous: 0.6%) - Indicates refinery capacity usage

• 10:30 AM ET: EIA Weekly Heatoil Stock (previous: -0.632M) - Measures heating oil inventory levels

• 10:30 AM ET: EIA Weekly Crude Imports (previous: 0.278M) - Shows volume of crude oil imports

• 10:30 AM ET: Gasoline Inventories (forecast: 2.670M, previous: 6.330M) - Reflects changes in gasoline stocks

• 10:30 AM ET: EIA Weekly Distillates Stocks (forecast: -1.000M, previous: 6.071M) - Measures distillate fuel inventory levels

• 10:30 AM ET: EIA Weekly Gasoline Production (previous: -0.081M) - Indicates gasoline production volume

• 10:30 AM ET: EIA Weekly Distillate Fuel Production (previous: -0.167M) - Shows distillate fuel production levels

• 11:00 AM ET: Cleveland CPI (previous: 0.2%) - Measures consumer price changes in Cleveland area

For further information and the latest updates, please refer to our Economic Calendar, here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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