Markets are preparing for a full roster of data releases on Tuesday, July 28, 2026, a day that could shift near-term sentiment across fixed income, commodities and equities. The Conference Board's Consumer Confidence index and the ADP Employment Change report headline the calendar, while weekly crude stock figures from the American Petroleum Institute and a set of housing-price updates round out a busy economic agenda.
Major economic releases
At 9:00 AM ET the Conference Board Consumer Confidence index is due, with consensus set at 92.1, up from a prior 91.2. This measure tracks household sentiment about economic conditions and frequently serves as a forward-looking indicator for consumer spending patterns.
Earlier in the morning the ADP Employment Change weekly report, published at 7:15 AM ET, will offer an updated view of private-sector hiring trends. The previous reading for this weekly series was 16.50K, and market participants will watch the print for signs of acceleration or softening in private payrolls.
Energy and oil market data
Energy markets will monitor two items of note. An OPEC meeting convenes at 5:00 AM ET where representatives from the 13-member group will discuss energy market conditions and production levels; the organization accounts for nearly 40% of global oil supply. Later in the afternoon, the API's weekly crude-stock report is scheduled at 3:30 PM ET. The API figure is expected to show a draw of 1.500 million barrels versus a prior reported build of 2.603 million barrels. Both releases will be watched for indications of near-term crude demand and inventory direction.
Trade, housing and other scheduled data
The goods trade balance is set to publish at 7:30 AM ET, with expectations at -$98.00 billion compared with a previous -$105.89 billion. Retail inventories excluding autos will appear at the same 7:30 AM ET slot; the prior reading for this series was 0.3%.
Housing market measures are clustered around 8:00 AM ET. The S&P/Case-Shiller 20-city composite (n.s.a.) is expected at 0.8%, down from the prior 1.1% figure. The seasonally adjusted version and related Case-Shiller releases are also noted in the calendar. The broader House Price Index is expected at 0.2%, versus a prior -0.1%, and monthly and regional home-price measures will publish in the same window.
At 9:00 AM ET the Atlanta Fed's GDPNow estimate will update its running gauge of real GDP growth for the current quarter, compiling available data into an ongoing growth snapshot.
Fixed income and auctions
Investors will also see a 7-year Treasury note auction at 12:00 PM ET. The previous yield for the 7-year note was 4.260%, and the auction outcome will provide additional information on demand for U.S. government debt and broader investor appetite for duration.
Other economic indicators on the schedule
- 7:30 AM ET - Wholesale Inventories: expected 0.2%, up from 0.1% previously. This series measures changes in the total value of goods held in inventory by wholesalers.
- 7:55 AM ET - Redbook: previous reading 7.8%. This index tracks year-over-year same-store sales growth among large U.S. general merchandise retailers.
- 8:00 AM ET - S&P/CS HPI Composite-20 (n.s.a.): previous reading 1.0%. Also at 8:00 AM ET are the seasonally adjusted versions of the Case-Shiller 20-city composite and several OFHEO House Price Index releases; the OFHEO previous readings cited include 2.0% for one series and a monthly home-price index prior of 441.4.
- 9:00 AM ET - Richmond Manufacturing Index: expected 10 versus 4 previously. This index measures business conditions, including shipments, new orders and employment, for the Federal Reserve's Fifth District.
- 9:00 AM ET - Richmond Manufacturing Shipments: previous reading 3.
- 9:00 AM ET - Richmond Services Index: previous reading -1.
- 9:30 AM ET - Texas Services Sector Outlook: previous reading 2.9.
- 9:30 AM ET - Dallas Fed Services Revenues: previous reading 9.8.
- 12:00 PM ET - US M2 Money Supply: previous reading $23.05T. This broad measure of money supply includes savings deposits, time deposits and retail money market funds.
Timing and sequencing
The distribution of releases means market attention will shift through the morning from early international energy policy talks at the OPEC meeting to U.S. private payroll snapshots, trade and inventory metrics, then into housing prices and regional surveys. By midday and into the afternoon, fixed-income auctions and weekly energy inventories will provide additional inputs for traders and analysts weighing growth, inflation and demand trends across sectors.
What to watch as the data arrives
Expect the Consumer Confidence print and the ADP weekly employment number to receive notable market scrutiny because of their implications for consumption and labor-market momentum. In energy, the OPEC meeting and the API weekly crude stocks release will be focal points for oil traders assessing supply-side developments and short-term inventory shifts. Housing indices and trade data will offer complementary views on demand and price pressures across goods and real estate.
Note: This article lists the scheduled releases and prior or expected figures as reported in the economic calendar for Tuesday, July 28, 2026. The numbers and timings above reflect the items published for that day.