MACRO WEEK AHEAD WEEK OF SEPTEMBER 21

MACRO WEEK AHEAD: WEEK OF SEPTEMBER 21, 2026

• SEP 21 – Fed’s Goolsbee Speaks at 6.30am ET. Chicago Fed Nat Activity Index at 8.30am ET.

• SEP 22 – ADP Weekly Employment Change at 8.15am ET. Philly Fed Non-Mfg Activity at 8.30am ET. Richmond Fed Mfg Index and Richmond Fed Business Conditions at 10am ET. Fed’s Williams Speaks at 10:05am ET.

• SEP 23 – Mortgage Applications at 7am ET. PMI-Mfg, PMI-Srvcs and PMI- Composite at 9.45am ET. Xi is scheduled to arrive in DC on Sep 23.

• SEP 24 – Current Account Balance, Initial/Continuing Jobless Claims and Initial Claims 4-Wk Moving Avg at 8.30am ET. Fed’s Hammack at 8.50am ET. New Home Sales at 10am ET. Kansas City Fed Mfg Activity at 11am ET. Building Permits (revision). Trump-Xi Summit in DC.

• SEP 25 – Fed’s Williams at 5.15am ET. Durable/Cap Goods Orders at 8.30am ET. U. of Mich. Sentiment/Expectations (revision) at 10am ET. Kansas City Fed Services Activity at 11am ET. Fed’s Hammack at 2pm ET.

• [SUNDAY] SEP 20 – (UK) Rightmove House Prices at 7.01pm ET.

• SEP 22 – (UK) Public Finances (PSNCR), Public Sector Net Borrowing, and PSNB ex Banking Groups at 2am ET. (Eurozone) Consumer Confidence at 10am ET.

• SEP 23 – (France) PMIs at 3.15am ET. (Germany) PMIs at 3.30am ET. (Eurozone) PMIs at 4am ET. (UK) PMIs at 4.30am ET. (Japan) PMIs at 8.30pm ET.

• SEP 24 – (France) Consumer Confidence and Mfg Confidence at 2.45am ET. (Germany) IFO Business Climate, IFO Current Assessment, and IFO Expectations at 4am ET.

NEAR TERM CATALYSTS – CPI (Oct 14, Nov 10, Dec 10), ISM-Mfg (Oct 1, Nov 2, Dec 1), ISM-Srvcs (Oct 5, Nov 4, Dec 3), PMI-Mfg and PMI-Srvcs (Sep 23, Oct 23), NFP (Oct 2, Nov 6, Dec 4), PCE (Sep 30, Oct 29), Retail Sales (Sep 16, Oct 15). FED DATES: Oct 28, Dec 9