Core PCE, jobless claims highlight crucial economic data due Thursday

Published 30/07/2025, 19:02
© Reuters.

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Thursday, July 31, 2025. The Core PCE Price Index, Initial Jobless Claims, and other significant economic indicators will be in focus, providing valuable insights into inflation trends and the labor market’s health.

Major Economic Events to Watch:

• 8:30 AM ET - Core PCE Price Index (Forecast:0.3%, Previous: 0.2%): A key inflation measure closely watched by the Federal Reserve.

• 8:30 AM ET - Initial Jobless Claims (Forecast:222K, Previous: 217K): An early indicator of labor market conditions.

Other Important Economic Events to Watch:

• 8:30 AM ET - Employment Cost Index (Forecast:0.8%, Previous: 0.9%): Measures changes in the cost of labor for businesses and government.

• 8:30 AM ET - Personal Spending (Forecast:0.4%, Previous: -0.1%): Indicates consumer spending patterns.

• 8:30 AM ET - PCE Price Index (Forecast:0.3%, Previous: 0.1%): A broader measure of inflation including food and energy prices.

• 8:30 AM ET - Continuing Jobless Claims (Forecast:1,960K, Previous: 1,955K): Shows the number of people receiving unemployment benefits.

• 9:45 AM ET - Chicago PMI (Forecast:41.9, Previous: 40.4): Gauges manufacturing activity in the Chicago region.

• 11:30 AM ET - Atlanta Fed GDPNow (Forecast:2.9%, Previous: 2.9%): Provides a running estimate of real GDP growth.

• 4:30 PM ET - Fed’s Balance Sheet (Previous:6,658B): Discloses the Federal Reserve’s assets and liabilities.

• 4:30 PM ET - Reserve Balances with Federal Reserve Banks (Previous:3.358T): Shows the amount of money held by depository institutions at the Fed.

Other Economic Events to Watch:

• 7:30 AM ET - Challenger Job Cuts (Previous:47.999K): Provides information on announced corporate layoffs.

• 8:30 AM ET - Employment Wages (Previous:0.80%): Measures changes in wages.

• 8:30 AM ET - Employment Benefits (Previous:1.20%): Tracks changes in employee benefits.

• 8:30 AM ET - Personal Income (Forecast:0.2%, Previous: -0.4%): Indicates changes in consumer income.

• 8:30 AM ET - Real Personal Consumption (Previous:-0.3%): Measures inflation-adjusted consumer spending.

• 8:30 AM ET - Jobless Claims 4-Week Avg. (Previous:224.50K): Smooths weekly jobless claims data.

• 9:00 AM ET - Dallas Fed PCE (Previous:2.00%): An alternative measure of core inflation.

• 10:30 AM ET - Natural Gas Storage (Forecast:37B, Previous: 23B): Shows changes in natural gas inventories.

• 11:30 AM ET - 4-Week Bill Auction (Previous:4.245%): Treasury bill auction results.

• 11:30 AM ET - 8-Week Bill Auction (Previous:4.265%): Treasury bill auction results.

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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