2025 Economic Calendar

Monday Dec 1	Tuesday Dec 2	Wednesday Dec 3	Thursday Dec 4	Friday Dec 5
Market Reflections » 2-Yr Note Settlement 5-Yr Note Settlement 7-Yr Note Settlement 20-Yr Bond Settlement PMI Manufacturing Final 9:45 AM ET ISM Manufacturing Index 10:00 AM ET Construction Spending 10:00 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET Jerome Powell Speaks 8:00 PM ET	Market Focus » Market Reflections » 4-Week Bill Settlement 8-Week Bill Settlement 4-Month Bill Settlement Michelle Bowman Speaks 10:00 AM ET Treasury Buyback Announcement (Preliminary) 11:00 AM ET 4-Week Bill Announcement 11:00 AM ET 8-Week Bill Announcement 11:00 AM ET 4-Month Bill Announcement 11:00 AM ET 6-Week Bill Auction 11:30 AM ET API Weekly Oil Stocks 4:30 PM ET	Motor Vehicle Sales Market Focus » Market Reflections » Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET ADP Employment Report 8:15 AM ET Import and Export Prices 8:30 AM ET Industrial Production 9:15 AM ET PMI Composite Final 9:45 AM ET ISM Services Index 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET Treasury Buyback Announcement 11:00 AM ET Treasury Buyback Announcement (Preliminary) 11:00 AM ET 4-Month Bill Auction 11:30 AM ET Treasury Buyback Results 2:00 PM ET	Market Focus » Market Reflections » 3-Month Bill Settlement 6-Month Bill Settlement 6-Week Bill Settlement Challenger Job-Cut Report 7:30 AM ET International Trade in Goods and Services 8:30 AM ET Jobless Claims 8:30 AM ET Factory Orders 10:00 AM ET EIA Natural Gas Report 10:30 AM ET Treasury Buyback Announcement 11:00 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Week Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 3-Yr Note Announcement 11:00 AM ET 10-Yr Note Announcement 11:00 AM ET 30-Yr Bond Announcement 11:00 AM ET 4-Week Bill Auction 11:30 AM ET 8-Week Bill Auction 11:30 AM ET Michelle Bowman Speaks 12:00 PM ET Treasury Buyback Results 2:00 PM ET Fed Balance Sheet 4:30 PM ET	Market Focus » Market Reflections » Personal Income and Outlays 10:00 AM ET Consumer Sentiment 10:00 AM ET Factory Orders 10:00 AM ET Baker Hughes Rig Count 1:00 PM ET Consumer Credit 3:00 PM ET
U.S. Equity Settlement 12-2-25	U.S. Equity Settlement 12-3-25	U.S. Equity Settlement 12-4-25	U.S. Equity Settlement 12-5-25	U.S. Equity Settlement 12-8-25
Monday Dec 8	Tuesday Dec 9	Wednesday Dec 10	Thursday Dec 11	Friday Dec 12
Market Reflections » 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET 3-Yr Note Auction 1:00 PM ET	Market Focus » Market Reflections » 4-Week Bill Settlement 8-Week Bill Settlement 4-Month Bill Settlement FOMC Meeting Begins NFIB Small Business Optimism Index 6:00 AM ET JOLTS 10:00 AM ET Leading Indicators 10:00 AM ET 4-Week Bill Announcement 11:00 AM ET 8-Week Bill Announcement 11:00 AM ET 4-Month Bill Announcement 11:00 AM ET 6-Week Bill Auction 11:30 AM ET 10-Yr Note Auction 1:00 PM ET API Weekly Oil Stocks 4:30 PM ET	Market Focus » Market Reflections » MBA Mortgage Applications 7:00 AM ET Employment Cost Index 8:30 AM ET Wholesale Inventories (Preliminary) 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET Treasury Buyback Announcement (Preliminary) 11:00 AM ET 4-Month Bill Auction 11:30 AM ET FOMC Announcement 2:00 PM ET Treasury Statement 2:00 PM ET Fed Chair Press Conference 2:30 PM ET	Market Focus » Market Reflections » 3-Month Bill Settlement 6-Month Bill Settlement 6-Week Bill Settlement International Trade in Goods and Services 8:30 AM ET Jobless Claims 8:30 AM ET Quarterly Services Survey 10:00 AM ET Quarterly Services Survey 10:00 AM ET Wholesale Inventories (Preliminary) 10:00 AM ET EIA Natural Gas Report 10:30 AM ET Treasury Buyback Announcement 11:00 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Week Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 5-Yr TIPS Announcement 11:00 AM ET 20-Yr Bond Announcement 11:00 AM ET 4-Week Bill Auction 11:30 AM ET 8-Week Bill Auction 11:30 AM ET 30-Yr Bond Auction 1:00 PM ET Treasury Buyback Results 2:00 PM ET Fed Balance Sheet 4:30 PM ET	Market Reflections » Anna Paulson Speaks 8:00 AM ET Beth Hammack Speaks 8:30 AM ET Austan Goolsbee Speaks 10:35 AM ET Baker Hughes Rig Count 1:00 PM ET
U.S. Equity Settlement 12-9-25	U.S. Equity Settlement 12-10-25	U.S. Equity Settlement 12-11-25	U.S. Equity Settlement 12-12-25	U.S. Equity Settlement 12-15-25
Monday Dec 15	Tuesday Dec 16	Wednesday Dec 17	Thursday Dec 18	Friday Dec 19
Market Focus » Market Reflections » 3-Yr Note Settlement 10-Yr Note Settlement 30-Yr Bond Settlement Empire State Manufacturing Index 8:30 AM ET Stephen Miran Speaks 9:30 AM ET Housing Market Index 10:00 AM ET John Williams Speaks 10:30 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET	Market Focus » 4-Week Bill Settlement 8-Week Bill Settlement 4-Month Bill Settlement Employment Situation 8:30 AM ET Housing Starts and Permits 8:30 AM ET Retail Sales 8:30 AM ET PMI Composite Flash 9:45 AM ET Business Inventories 10:00 AM ET Treasury Buyback Announcement (Preliminary) 11:00 AM ET 4-Week Bill Announcement 11:00 AM ET 8-Week Bill Announcement 11:00 AM ET 4-Month Bill Announcement 11:00 AM ET 6-Week Bill Auction 11:30 AM ET API Weekly Oil Stocks 4:30 PM ET	Bank Reserve Settlement MBA Mortgage Applications 7:00 AM ET Christopher Waller Speaks 8:15 AM ET Retail Sales 8:30 AM ET John Williams Speaks 9:05 AM ET Business Inventories 10:00 AM ET Atlanta Fed Business Inflation Expectations 10:00 AM ET EIA Petroleum Status Report 10:30 AM ET Treasury Buyback Announcement 11:00 AM ET Treasury Buyback Announcement (Preliminary) 11:00 AM ET 4-Month Bill Auction 11:30 AM ET Raphael Bostic Speaks 12:30 PM ET 20-Yr Bond Auction 1:00 PM ET Treasury Buyback Results 2:00 PM ET	3-Month Bill Settlement 6-Month Bill Settlement 6-Week Bill Settlement CPI 8:30 AM ET Jobless Claims 8:30 AM ET Philadelphia Fed Manufacturing Index 8:30 AM ET Current Account 8:30 AM ET E-Commerce Retail Sales 10:00 AM ET Leading Indicators 10:00 AM ET EIA Natural Gas Report 10:30 AM ET Treasury Buyback Announcement 11:00 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Week Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 52-Week Bill Announcement 11:00 AM ET 2-Yr FRN Note Announcement 11:00 AM ET 2-Yr Note Announcement 11:00 AM ET 5-Yr Note Announcement 11:00 AM ET 7-Yr Note Announcement 11:00 AM ET Kansas City Fed Manufacturing Index 11:00 AM ET 4-Week Bill Auction 11:30 AM ET 8-Week Bill Auction 11:30 AM ET 5-Yr TIPS Auction 1:00 PM ET Treasury Buyback Results 2:00 PM ET Treasury International Capital 4:00 PM ET Fed Balance Sheet 4:30 PM ET	Quadruple Witching Corporate Profits 8:30 AM ET Personal Income and Outlays 10:00 AM ET Existing Home Sales 10:00 AM ET Consumer Sentiment 10:00 AM ET Baker Hughes Rig Count 1:00 PM ET
U.S. Equity Settlement 12-16-25	U.S. Equity Settlement 12-17-25	U.S. Equity Settlement 12-18-25	U.S. Equity Settlement 12-19-25	U.S. Equity Settlement 12-22-25
Monday Dec 22	Tuesday Dec 23	Wednesday Dec 24	Thursday Dec 25	Friday Dec 26
Chicago Fed National Activity Index 8:30 AM ET Treasury Buyback Announcement (Preliminary) 11:00 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET 2-Yr Note Auction 1:00 PM ET	4-Week Bill Settlement 8-Week Bill Settlement 4-Month Bill Settlement Durable Goods Orders 8:30 AM ET GDP 8:30 AM ET Corporate Profits 8:30 AM ET Industrial Production 9:15 AM ET Consumer Confidence 10:00 AM ET New Home Sales 10:00 AM ET Richmond Fed Manufacturing Index 10:00 AM ET Treasury Buyback Announcement 11:00 AM ET 4-Week Bill Announcement 11:00 AM ET 8-Week Bill Announcement 11:00 AM ET 4-Month Bill Announcement 11:00 AM ET 6-Week Bill Auction 11:30 AM ET 52-Week Bill Auction 11:30 AM ET 2-Yr FRN Note Auction 11:30 AM ET 5-Yr Note Auction 1:00 PM ET Money Supply 1:00 PM ET Treasury Buyback Results 2:00 PM ET API Weekly Oil Stocks 4:30 PM ET	Durable Goods Orders 8:30 AM ET Jobless Claims 8:30 AM ET EIA Petroleum Status Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Week Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET Survey of Business Uncertainty 11:00 AM ET 4-Week Bill Auction 11:30 AM ET 8-Week Bill Auction 11:30 AM ET 4-Month Bill Auction 11:30 AM ET EIA Natural Gas Report 12:00 PM ET NYSE Early Close 1:00 PM ET Baker Hughes Rig Count 1:00 PM ET 7-Yr Note Auction 1:00 PM ET SIFMA Early Close 2:00 PM ET		3-Month Bill Settlement 6-Month Bill Settlement 6-Week Bill Settlement 52-Week Bill Settlement 2-Yr FRN Note Settlement Fed Balance Sheet 4:30 PM ET
U.S. Equity Settlement 12-23-25	U.S. Equity Settlement 12-24-25	U.S. Equity Settlement 12-26-25		U.S. Equity Settlement 12-29-25
Bank Holiday Schedule
			US: Christmas Day (Markets Closed)
Monday Dec 29	Tuesday Dec 30	Wednesday Dec 31	Thursday Jan 1	Friday Jan 2
International Trade in Goods (Advance) 8:30 AM ET Retail Inventories (Advance) 8:30 AM ET Wholesale Inventories (Advance) 8:30 AM ET Pending Home Sales Index 10:00 AM ET Dallas Fed Manufacturing Survey 10:30 AM ET 3-Month Bill Auction 11:30 AM ET 6-Month Bill Auction 11:30 AM ET	4-Week Bill Settlement 8-Week Bill Settlement 4-Month Bill Settlement Case-Shiller Home Price Index 9:00 AM ET FHFA House Price Index 9:00 AM ET Chicago PMI 9:45 AM ET 4-Week Bill Announcement 11:00 AM ET 8-Week Bill Announcement 11:00 AM ET 4-Month Bill Announcement 11:00 AM ET 6-Week Bill Auction 11:30 AM ET API Weekly Oil Stocks 4:30 PM ET	Bank Reserve Settlement 2-Yr Note Settlement 5-Yr Note Settlement 5-Yr TIPS Settlement 7-Yr Note Settlement 20-Yr Bond Settlement EIA Petroleum Status Report 10:30 AM ET EIA Natural Gas Report 10:30 AM ET 3-Month Bill Announcement 11:00 AM ET 6-Week Bill Announcement 11:00 AM ET 6-Month Bill Announcement 11:00 AM ET 4-Week Bill Auction 11:30 AM ET 8-Week Bill Auction 11:30 AM ET 4-Month Bill Auction 11:30 AM ET FOMC Minutes 2:00 PM ET SIFMA Early Close 2:00 PM ET Farm Prices 3:00 PM ET		3-Month Bill Settlement 6-Month Bill Settlement 6-Week Bill Settlement PMI Manufacturing Final 9:45 AM ET Construction Spending 10:00 AM ET Fed Balance Sheet 4:30 PM ET
U.S. Equity Settlement 12-30-25	U.S. Equity Settlement 12-31-25	U.S. Equity Settlement 1-2-26	U.S. Equity Settlement 12-2-25	U.S. Equity Settlement 1-5-26
Bank Holiday Schedule
			US: New Year's Day (Markets Closed)

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