Economic calendar: US Philly Fed and central bankers speeches in focus

Key takeaways

US Philly Fed data in macro focus (10 forecast vs 23.2 previous)
Markets await Fed members speeches
Canadian housing starts expected to show 257k vs 245.8k previously

Key takeaways

US Philly Fed data in macro focus (10 forecast vs 23.2 previous)
Markets await Fed members speeches
Canadian housing starts expected to show 257k vs 245.8k previously

Investors are awaiting second-tier U.S. economic data today, which, amid the prolonged government shutdown, will have to “suffice” as indicators of the economic outlook across the Atlantic. The macro calendar is not particularly busy, with attention focused on the October reading of the Philadelphia Fed Manufacturing Index (Philly Fed).

In the UK, data on GDP, construction spending, and services came in somewhat weaker than expected, although industrial production surprised to the upside. During the Asian session, markets also received soft labor market data from Australia, where the unemployment rate rose from 4.2% to 4.5%, although employment growth exceeded expectations.

Macro Calendar

12:15 PM GMT (CA) – Housing Starts (October): 257k forecast vs 245.8k previous
12:30 PM GMT (US) – Philly Fed Index (October): 10 forecast vs 23.2 previous

Central Bank Speakers

1 PM GMT – Fed’s Waller, Miran, and Barr
2 PM GMT – Fed’s Bowman
2:45 PM GMT – BoE’s Mann
2:45 PM GMT – ECB’s Kocher
4 PM GMT – ECB’s Lagarde
5:30 PM GMT – BoC’s Macklem
6:30 PM GMT – BoE’s Greene

Earnings Calendar

Before U.S. market open: Charles Schwab, Marsh & McLennan, Intuitive Surgical, BNY Mellon, U.S. Bancorp, Travelers
After market close: CSX Corp, Interactive Brokers

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15 May 2026, 7:24 AM

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14 May 2026, 7:31 AM

Economic Calendar: All eyes on US consumer 🇺🇸 (14.05.2026)

Economic reports

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