FORWARD OUTLOOK · ARCHIVE

Every Edition, Archived

Every other Sunday, a two-week rate-watch briefing — the calendar, the themes, the trades that matter. Past editions live here.

All Editions

CPI and PPI land back to back, then housing starts close the loop.

October 13, 2026 — October 23, 2026

September CPI on Wednesday the 14th and PPI with retail sales on Thursday the 15th deliver the inflation verdict, then housing starts and permits on October 20 and 20-year and 5-year Treasury sales close out the window.

CPI Wed15 Releases4 High Impact

Treasury tests the long end first, then CPI and PPI land back to back.

October 6, 2026 — October 16, 2026

10-year and 30-year reopenings on October 7 and 8 carry the first week, then September CPI on Wednesday the 14th and PPI with retail sales on Thursday the 15th deliver the inflation verdict.

CPI Wed11 Releases5 High Impact

Inflation and payrolls land two sessions apart, then Treasury tests the long end.

September 29, 2026 — October 8, 2026

PCE on Wednesday the 30th and the September payroll report on Friday the 2nd carry the first week, then 10-year and 30-year reopenings on October 7 and 8 test long-end demand.

Jobs Fri13 Releases7 High Impact

Treasury sells first, the data lands last, and the fortnight ends on the jobs report.

September 22, 2026 — October 2, 2026

Four coupon auctions clear in the opening three sessions, then PCE on Wednesday the 30th and the September payroll report on Friday the 2nd carry the back half of the window.

Jobs Fri14 Releases5 High Impact

CPI Friday into Fed Wednesday, with Treasury selling into both

September 8, 2026 — September 17, 2026

August CPI on Friday the 11th and the FOMC decision on Wednesday the 16th frame a fortnight that also carries five Treasury coupon sales and a four-release close on Thursday the 17th.

Fed Wed16 Releases9 High Impact

The fortnight opens on payrolls and closes on CPI, with the full coupon sequence in between.

August 31, 2026 — September 11, 2026

The August jobs report opens the window on Friday, September 4 and August CPI closes it on Friday, September 11, with Treasury's 3-year, 10-year and 30-year sales and PPI packed into the four sessions between them.

Jobs Fri + CPI Fri15 Releases7 High Impact

Growth and Inflation Into Jobs Friday

August 25, 2026 — September 4, 2026

The second estimate of Q2 GDP and the Fed's PCE inflation gauge share the morning of August 26 with a 2-year reopening and a 5-year auction, and the August jobs report closes the fortnight on Friday, September 4.

Jobs Fri16 Releases5 High Impact

GDP and PCE Land the Same Wednesday, Six Auctions Deep

Monday, August 17, 2026 — Thursday, August 27, 2026

GDP's second estimate and the Fed's preferred inflation gauge land the same Wednesday morning, with six Treasury auctions pricing around them across the fortnight.

GDP + PCE Wed15 Releases5 High Impact

The inflation prints land first, the auctions have to live with them.

August 11, 2026 — August 20, 2026

CPI Wednesday and PPI Thursday with no session in between, while Treasury places five auctions in eight sessions and housing data fills the quieter second week.

CPI Wed14 Releases8 High Impact

Payrolls Come First, the Inflation Print Comes Second

August 3, 2026 — August 14, 2026

The July jobs report lands Friday, August 7, CPI follows three sessions later on Wednesday, August 12, and Treasury sells 3-, 10- and 30-year paper straight through the inflation data.

Jobs Fri15 Releases7 High Impact

The Fed goes first, the jobs report goes last.

July 27, 2026 — August 7, 2026

The FOMC decides Wednesday, July 29, GDP and core PCE land together Thursday morning, and the Employment Situation report closes the fortnight on Friday, August 7.

FOMC Wed17 Releases5 High Impact

The Fed Decides Wednesday, the Data Answers Thursday

July 22, 2026 — July 31, 2026

The FOMC rate decision anchors the window on Wednesday, July 29, and the advance GDP estimate lands with core PCE the very next morning — with six Treasury auctions spread across the eight release days between them.

FOMC Wed15 Releases5 High Impact

CPI Opens the Window, the 10-Year Closes It

July 14, 2026 — July 24, 2026

The inflation cluster — CPI, PPI, and Retail Sales — front-loads the fortnight, and the 10-year note auction on July 23 closes it with a demand test.

CPI Tue12 Releases7 High Impact

The Jobs Report Meets America's 250th

Tuesday, June 30 — Thursday, July 9, 2026

Thursday's Jobs Report (Jul 2) is the rate-mover. July 4 is the 250th anniversary of the Founding — markets closed. The 10Y and 30Y reopenings on Jul 8 and Jul 9 close the window: the bond market the Founding built, still in motion.

Jobs ThuAmerica 25010Y + 30Y13 Releases5 High Impact

FOMC + Chair Warsh's First Press Conference

Tuesday, June 16 — Thursday, June 25, 2026

Wednesday is the main event. CME FedWatch prices a ~97% hold at 3.50–3.75%. The decision isn't the story — Warsh's tone is. Core PCE closes the window June 25.

FOMC WedPCE Thu17 Releases6 High Impact

Older editions are being migrated to the archive. New issues land every other Sunday.

About the Forward Outlook

The Forward Outlook is a two-week economic-calendar briefing built for mortgage clients and the agents who refer them. Every other Sunday it tracks the upcoming Fed actions, Treasury auctions, inflation prints, housing data, and labor signals — and translates each release into what it actually means for mortgage pricing.

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