Preview -- Barron's
September 23 2022 - 10:00PM
Dow Jones News
The Federal Reserve Bank of Chicago releases its National
Activity Index for August. Consensus estimate is for a 0.32
reading, slightly more than July's 0.27 figure. Prior to the July
data, the index had two months of negative readings, which
indicates that the economy is growing at a slower rate than the
The Census Bureau releases the durable goods report for August.
Economists forecast that new orders for durable manufactured goods
will remain flat month over month at $273.5 billion. Excluding
transportation, new orders are seen rising 0.2% matching the July
The Conference Board releases its Consumer Confidence Index for
September. Expectations are for a 104 reading, slightly higher than
in August. The index has rebounded from this year's low in July but
is well off its recent peak from last summer.
S&P CoreLogic releases its Case-Shiller National Home Price
Index for July. The consensus call is for a 17% year-over-over jump
compared with an 18% increase in June. While the index has seen a
deceleration in the growth rate, home prices are still rising at a
robust clip. This past week Federal Reserve Chairman Jerome Powell
said that the housing market probably needs to go through a
"correction" and that property prices "were going up at an
unsustainably fast level."
Cintas and Paychex report quarterly results.
Duke Realty and Prologis host extraordinary shareholder meetings
to vote on their proposed merger, announced in June.
CarMax, Micron Technology, and Nike hold conference calls to
Intuit and Vulcan Materials host their 2022 investor days.
Shares of Porsche, under the official listing name of Dr. Ing.
h.c. F. Porsche, are expected to begin trading on the Frankfurt
stock exchange. Porsche parent Volkswagen has set a price range
that would value the maker of the iconic 911 sports car at 70
billion euros to EUR75 billion ($68.9 billion to $73.6 billion). It
would be the largest European initial public offering in more than
The Bureau of Economic Analysis reports personal income and
expenditures for August. Income is expected to increase 0.3% month
over month while spending is seen rising 0.2%. This compares with
gains of 0.2% and 0.1%, respectively, in July. Economists forecast
that the Fed's favored inflation gauge, the core
personal-consumption expenditures price index, will rise 4.8% year
over year after a 4.6% increase in July.
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(END) Dow Jones Newswires
September 23, 2022 21:45 ET (01:45 GMT)
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