President Biden speech

Joe Biden is the 46th President of the United States. Biden will serve as President for a four-year term, from January 2021 to January 2025. The well-known Democrat has almost 50 years of political service, including eight years as the Vicepresident under Barack Obama between 2008 and 2016.

Most recent - Thursday 11 July 2024 23:30

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Past events

Date
Thursday 11 July 2024 23:30
Friday 20 October 2023 00:00
Monday 13 March 2023 13:00
Wednesday 8 February 2023 02:00
Thursday 12 January 2023 13:30
Tuesday 2 August 2022 23:30

Economic context

Recent economic data has been broadly neutral for USD. The following recent announcements may affect the market reaction to President Biden speech:

PreviousLatest
New Home Sales Change (MoM)Bearish change9.6%-13.7%
Housing Price Index (MoM)Bearish change0%-0.4%
Existing Home Sales Change (MoM)Bullish change-0.5%0.8%
S&P Global Composite PMIBearish change5352.8
S&P Global Manufacturing PMI(no change)5252
S&P Global Services PMIBearish change53.753.1
Philadelphia Fed Manufacturing Survey(no change)-4-4
Fed Interest Rate Decision(no change)4.5%4.5%
Interest Rate Projections - 1st yearBullish change3.4%3.6%
Interest Rate Projections - 2nd yearBullish change3.1%3.4%
Interest Rate Projections - Current(no change)3.9%3.9%
Interest Rate Projections - Longer(no change)3%3%
Building Permits (MoM)Bearish change1.422M1.393M
Housing Starts (MoM)Bearish change1.392M1.256M
Initial Jobless ClaimsBullish change250K245K
Industrial Production (MoM)Bearish change0.1%-0.2%
Retail Sales (MoM)Bearish change-0.1%-0.9%
Retail Sales Control GroupBullish change-0.1%0.4%
Retail Sales ex Autos (MoM)Bearish change0%-0.3%
NY Empire State Manufacturing IndexBearish change-9.2-16
Michigan Consumer Expectations IndexBullish change47.958.4
Michigan Consumer Sentiment IndexBullish change52.260.5
UoM 1-year Consumer Inflation ExpectationsBearish change6.6%5.1%
UoM 5-year Consumer Inflation ExpectationBearish change4.2%4.1%
Initial Jobless Claims(no change)248K248K
Producer Price Index (MoM)Bullish change-0.2%0.1%
Producer Price Index (YoY)Bullish change2.5%2.6%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.2%0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.2%3%
Monthly Budget StatementBearish change$258B$-316B

About President Biden speech

Country:United States
Currency:USD
Source:The White House
Category:Politics
Frequency:Irregular
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