Gold prices briefly hit record high over $3,500/oz on fiscal, tariff concerns
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 Wednesday, July 16, 2025. The Producer Price Index (PPI), EIA Crude Oil Inventories, and other significant economic indicators are set to be released, potentially influencing market sentiment and trading decisions.
Major Economic Events to Watch:
• 8:30 AM ET - Producer Price Index (PPI) (Jun): Forecast 0.3%, Previous 0.1%. A key indicator of inflation at the producer level.
• 10:30 AM ET - EIA Crude Oil Inventories: Previous 7.070M. Weekly change in commercial crude oil stocks, impacting oil prices and inflation.
Other Important Economic Events to Watch:
• 8:30 AM ET - Core PPI (Jun): Forecast 0.2%, Previous 0.1%. Measures price changes excluding food and energy.
• 9:15 AM ET - Industrial Production (Jun): Forecast 0.1%, Previous -0.2%. Indicates changes in manufacturing, mining, and utility output.
• 10:00 AM ET - Fed Vice Chair for Supervision Barr Speaks: May provide insights into monetary policy.
• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous 0.464M. Important for U.S. crude oil benchmark pricing.
• 2:00 PM ET - Beige Book: Provides an overview of economic conditions across Federal Reserve districts.
• 4:30 PM ET - FOMC Member Williams Speaks: May offer perspectives on economic outlook and monetary policy.
Other Economic Events to Watch:
• 7:00 AM ET - MBA Mortgage Applications: Previous 9.4%. Indicates changes in housing market activity.
• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.77%. Reflects lending rates for fixed 30-year mortgages.
• 7:00 AM ET - MBA Purchase Index: Previous 180.9. Indicator of home sales trends.
• 7:00 AM ET - Mortgage Market Index: Previous 281.6. Covers all mortgage applications during the week.
• 7:00 AM ET - Mortgage Refinance Index: Previous 829.3. Gauge of mortgage refinancing activity.
• 8:00 AM ET - FOMC Member Barkin Speaks: May provide insights into monetary policy considerations.
• 8:30 AM ET - PPI Year-over-Year (Jun): Previous 2.6%. Annual change in producer prices.
• 8:30 AM ET - Core PPI Year-over-Year (Jun): Previous 3.0%. Annual change in core producer prices.
• 8:30 AM ET - PPI ex. Food/Energy/Trade (Jun): Previous 0.1%. Producer price changes excluding volatile components.
• 9:15 AM ET - Manufacturing Output (Jun): Previous 0.1%. Measures changes in manufacturing production.
• 9:15 AM ET - Capacity Utilization Rate (Jun): Forecast 77.4%, Previous 77.4%. Indicates resource utilization in the economy.
• 10:30 AM ET - Various EIA Weekly Reports: Including refinery crude runs, gasoline production, heating oil stocks, crude imports, distillates stocks, distillate fuel production, refinery utilization rates, and gasoline inventories.
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.