Weekly Economic Calendar: Week of September 22-27, 2025

Weekly Economic Calendar: Week of September 22 – 27, 2025 (GMT+8)
This week’s U.S.-driven macro calendar is packed with high-impact data that could set the tone for markets.
Key events include September PMI readings, Q2 GDP, housing data, durable goods, and the Fed’s preferred inflation measure (Core PCE).
Traders will be looking for clues on U.S. economic resilience and the Fed’s policy outlook.

🇺🇸 PMI Data (Tue) – September Manufacturing PMI stood at 53.0 and Services PMI at 54.5, both signaling ongoing expansion in economic activity.

🇺🇸 Housing Market (Wed & Thu) – New Home Sales printed 652K in August, while Existing Home Sales fell to 4.01M, highlighting mixed signals in the property sector.

🇺🇸 Crude Oil Inventories (Wed) – Stockpiles declined sharply by -9.285M, indicating tightening supply conditions.

🇨🇭 SNB Rate Decision (Thu) – Switzerland held rates steady at 0.00%, signaling no shift in policy.

🇺🇸 GDP Growth (Thu) – Q2 GDP rebounded strongly to 3.3% from -0.5%, pointing to stronger-than-expected economic momentum.

🇺🇸 Durable Goods (Thu) – Orders dropped -2.8%, raising concerns about slowing business investment.

🇺🇸 Labor Market (Thu) – Initial Jobless Claims remain in focus as a gauge of U.S. employment health.

🇺🇸 Core PCE Inflation (Fri) – The Fed’s key inflation gauge showed YoY at 2.9% and MoM at 0.3%, still above the Fed’s 2% target

Macro Analysis 🇺🇸 U.S. Economy & Fed Outlook

• GDP & PMI Strength:The strong rebound in GDP and steady PMI expansion reinforce U.S. resilience.

• Business Investment: Weak Durable Goods Orders raise questions about corporate spending and investment outlook.

• Housing Sector: Diverging trends between new and existing home sales point to underlying cracks.

• nflation: Core PCE remains elevated, keeping the Fed’s cautious stance in play.

Speculative Outlook for USD Traders

🟢 Bullish USD Scenario

• Strong GDP rebound (+3.3%) highlights U.S. growth leadership.

• PMI expansion signals economic momentum.

• Sticky Core PCE near 3% reinforces Fed hawkish bias. Trade Ideas: Long USD/JPY, short EUR/USD.

🔴 Bearish USD Scenario

• Weak Durable Goods Orders (-2.8%) suggest cracks in investment.

• Housing data shows structural weakness despite solid new home sales.

• If Core PCE trends lower, Fed hawkish pressure eases. Trade Ideas: Long EUR/USD, long gold.

🟡 Wild Card

• A spike in Jobless Claims could shift Fed expectations rapidly.

• Unexpected inflation surprises may spark volatility in USD pairs.

Watch the full calendar at Followme Economic Calendar Tool
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