Markets / Economic calendar

US economic calendar

Times are New York time

The scheduled US releases that move the stock market, with what economists expect, what came out, and how much the S&P 500 usually moves on those days.

GDPNext big eventWed 25 Nov · 08:30

9 DecNext Fed decisionWed · 14:00

–Next CPInot scheduled in the next weeks

4 DecNext jobs reportFri · 08:30

In plain words: The next market-moving release is GDP on Wednesday, 25 November 2026 at 08:30 New York time. On past GDP days the S&P 500 moved about ±0.56%, against ±0.69% on a normal day. 4 high-impact releases are due in the next four weeks.

Coming up: the next four weeks

Date	Time (New York)	Event	Impact	S&P 500 move on such days
16 Nov Mon	–	Fed Chair speaks A speech or testimony by the chair of the Federal Reserve: markets listen for hints about rates.	Medium	±0.32%Smaller than usual
17 Nov Tue	08:30 before the open	Retail sales Spending in shops and online: a read on consumer demand, about two thirds of the US economy. Core Retail Sales: expected 0.4%, previous 0.9% · Retail Sales: previous 6.29% · Retail Sales: expected 0.2%, previous 0.8%	Medium	±0.62%About usual
18 Nov Wed	14:00 during market hours	Fed meeting minutes The detailed record of the last Fed meeting, published three weeks after it.	Medium	±0.68%About usual
19 Nov Thu	08:30 before the open	Initial jobless claims New claims for unemployment benefits in the week, every Thursday: a quick read on layoffs. expected 199K, previous 200K	Low	±0.79%Bigger than usual
20 Nov Fri	10:00 during market hours	Consumer sentiment Surveys of how households feel about their finances and the economy. expected 51.0, previous 51.0	Low	±0.73%About usual
24 Nov Tue	10:00 during market hours	Consumer sentiment Surveys of how households feel about their finances and the economy. previous 91.7	Low	±0.73%About usual
25 Nov Wed	08:30 before the open	GDP Economic growth for the quarter, at an annual rate. The first estimate comes about a month after the quarter, then two revisions. previous 3.4%	High	±0.56%Smaller than usual
25 Nov Wed	08:30 before the open	PCE inflation The Fed's preferred inflation measure (core PCE). Core PCE Price Index: previous 0.3% · Core PCE Price Index: previous 3.1% · PCE Price index: previous 3.6% · PCE price index: previous 0.5%	High	±0.54%Smaller than usual
1 Dec Tue	10:00 during market hours	ISM manufacturing PMI A survey of factory purchasing managers; above 50 means activity is growing. previous 55.5	Medium	±0.50%Smaller than usual
1 Dec Tue	10:00 during market hours	JOLTS job openings Open jobs at the end of the month: how much demand there is for workers. previous 7.523M	Medium	±0.74%About usual
3 Dec Thu	10:00 during market hours	ISM services PMI The same survey for service businesses, most of the US economy; above 50 means growth. previous 54.5	Medium	±0.64%About usual
4 Dec Fri	08:30 before the open	Jobs report (nonfarm payrolls) Jobs added in the month, the unemployment rate and wage growth, usually on the first Friday of the month. Average Hourly Earnings: previous 0.4% · Nonfarm Payrolls: previous 165K · Unemployment Rate: previous 4.1%	High	±0.89%Bigger than usual
4 Dec Fri	10:00 during market hours	Consumer sentiment Surveys of how households feel about their finances and the economy. previous 48.0	Low	±0.73%About usual
9 Dec Wed	14:00 during market hours	Fed interest rate decision The Federal Reserve's decision on its policy rate, with the statement at 14:00 and the Fed Chair's press conference at 14:30. The biggest scheduled event for US stocks and bonds. previous 4.00%	High	±0.62%Smaller than usual

S&P 500 move on such days: how much the S&P 500 went up or down, on average, on past days with the same release (an ordinary day: about ±0.69%). "Bigger than usual" means these days tend to be more volatile than normal. For releases after the close, the reaction comes the next day.

Last two weeks: what came out

Time	Event	Impact	Actual	Expected	Previous
Friday, 13 November 2026
08:30	PPI (producer prices)	Medium	Core PPI 0.3% Core PPI 5.0% PPI 0.3% PPI 6.5%	Core PPI 0.3% Core PPI 5.0% PPI 0.4% PPI 6.6%	Core PPI 0.8% Core PPI 5.0% PPI 1.4% PPI 6.3%
Thursday, 12 November 2026
08:30	Initial jobless claims	Low	200K	194K	191K
Tuesday, 10 November 2026
08:30	CPI inflation	High	Core CPI 0.3% CPI 0.4%	Core CPI 0.2% CPI 0.3%	Core CPI 0.3% CPI 0.6%
Thursday, 5 November 2026
08:30	Initial jobless claims	Low	189K	197K	195K
Wednesday, 4 November 2026
10:00	ISM services PMI	Medium	54.5	54.8	54.9
Tuesday, 3 November 2026
10:00	JOLTS job openings	Medium	7.523M	7.150M	7.190M
Monday, 2 November 2026
10:00	ISM manufacturing PMI	Medium	55.5	54.5	54.5

How the S&P 500 moves on these days · size of the day's move, up or down

Release	Impact	Avg move	vs normal	Last 4
Fed interest rate decision The Federal Reserve's decision on its policy rate, with the statement at 14:00 and the Fed Chair's press conference at 14:30. The biggest scheduled event for US stocks and bonds.	High	±0.62%	0.9×	28 Oct +0.28% 16 Sept -0.45% 29 Jul -1.52% 17 Jun -1.21%
CPI inflation Consumer prices (headline and core, without food and energy). A higher reading than expected usually lowers hopes of rate cuts.	High	±0.36%	0.5×	10 Nov -0.38% 12 May -0.16% 10 Apr -0.11% 13 Feb +0.05%
Jobs report (nonfarm payrolls) Jobs added in the month, the unemployment rate and wage growth, usually on the first Friday of the month.	High	±0.89%	1.3×	2 Oct +0.73% 2 Jul +0.00% 5 Jun -2.64% 8 May +0.84%
GDP Economic growth for the quarter, at an annual rate. The first estimate comes about a month after the quarter, then two revisions.	High	±0.56%	0.8×	29 Oct -0.30% 30 Sept -0.25% 26 Aug -0.02% 30 Jul +1.66%
PCE inflation The Fed's preferred inflation measure (core PCE).	High	±0.54%	0.8×	29 Oct -0.30% 30 Sept -0.25% 26 Aug -0.02% 30 Jul +1.66%
Retail sales Spending in shops and online: a read on consumer demand, about two thirds of the US economy.	Medium	±0.62%	0.9×	15 Oct +0.33% 16 Sept -0.45% 14 Aug -0.17% 17 Jun -1.21%
PPI (producer prices) Prices businesses receive: an early sign of where consumer prices are heading.	Medium	±0.65%	0.9×	13 Nov -0.40% 15 Oct +0.33% 10 Sept -0.58% 13 Aug +0.65%
ISM manufacturing PMI A survey of factory purchasing managers; above 50 means activity is growing.	Medium	±0.50%	0.7×	2 Nov -0.51% 1 Sept -0.71% 3 Aug +1.48% 1 Jul -0.22%
ISM services PMI The same survey for service businesses, most of the US economy; above 50 means growth.	Medium	±0.64%	0.9×	4 Nov +1.58% 5 Oct +0.66% 5 May +0.81% 6 Apr +0.44%
JOLTS job openings Open jobs at the end of the month: how much demand there is for workers.	Medium	±0.74%	1.1×	3 Nov +0.36% 29 Sept -0.17% 1 Sept -0.71% 30 Jun +0.79%
Fed meeting minutes The detailed record of the last Fed meeting, published three weeks after it.	Medium	±0.68%	1.0×	7 Oct -0.22% 8 Jul -0.28% 8 Apr +2.51% 18 Feb +0.56%
Fed Chair speaks A speech or testimony by the chair of the Federal Reserve: markets listen for hints about rates.	Medium	±0.32%	0.5×	15 Oct +0.33% 1 Jul -0.22% 30 Mar -0.39% 1 Dec -0.53%
Initial jobless claims New claims for unemployment benefits in the week, every Thursday: a quick read on layoffs.	Low	±0.79%	1.2×	12 Nov -0.35% 5 Nov -4.36% 29 Oct -0.30% 22 Oct -1.21%
Consumer sentiment Surveys of how households feel about their finances and the economy.	Low	±0.73%	1.1×	27 Oct +0.60% 23 Oct -0.52% 9 Oct +0.59% 29 Sept -0.17%

Avg move = the average size of the S&P 500's close-to-close move on the days of each release over the past year or so. A normal day: ±0.69% (last two years).

Times are New York time. Expected = the economists' consensus. Dates come from the agencies' schedules and can change.

Release dates from the agencies' published schedules; they can change. Information only, not investment advice.

Which US economic releases move the stock market most?

The Fed's interest rate decision, CPI inflation, the monthly jobs report (nonfarm payrolls), GDP and PCE inflation. The table above shows how much the S&P 500 has moved on each kind of release day compared with a normal day.

What time are US economic reports released?

Most come at 08:30 New York time, before the market opens (CPI, jobs, GDP, PCE, retail sales, PPI, jobless claims). Surveys such as the ISM PMIs and JOLTS come at 10:00, and the Fed's decision at 14:00 with the press conference at 14:30.

What does 'expected' mean?

The consensus of economists' forecasts before the release. Markets move on the surprise: a figure far from what was expected moves prices more than the figure itself.

How often does the Fed meet?

Eight times a year. The decision comes at 14:00 New York time on the second day of the meeting, and minutes follow three weeks later.