Monthly Budget Statement

The Monthly Budget Statement released by the Financial Management Service summarizes the financial activities of federal entities, disbursing officers, and Federal Reserve banks. A positive budget statement that receipts exceed budgetary outlays is seen as bullish for the USD. On the other hands, a negative figure (deficit) that indicates government debt is seen as bearish.

Most recent - Monday 13 November 2023 19:00


Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Tuesday 12 December 2023 19:00


The typical/expected impact on USD pairs is medium.

There is no forecast value for Monthly Budget Statement yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Monthly Budget Statement was $-67B against a forecast of $-65B.

Past events

Monday 13 November 2023 19:00
Friday 20 October 2023 18:00
Wednesday 13 September 2023 18:00
Thursday 10 August 2023 18:00
Thursday 13 July 2023 18:00
Monday 12 June 2023 18:00
Wednesday 10 May 2023 18:00
Wednesday 12 April 2023 18:00
Friday 10 March 2023 19:00
Friday 10 February 2023 19:00
Thursday 12 January 2023 19:00
Monday 12 December 2022 19:00
Thursday 10 November 2022 19:00
Friday 21 October 2022 14:30
Tuesday 13 September 2022 18:00
Wednesday 10 August 2022 18:00
Wednesday 13 July 2022 18:00
Friday 10 June 2022 18:00
Wednesday 11 May 2022 18:00
Tuesday 12 April 2022 18:00
Thursday 10 March 2022 19:00
Thursday 10 February 2022 19:00
Wednesday 12 January 2022 19:00
Friday 10 December 2021 19:00
Wednesday 10 November 2021 19:00
Friday 22 October 2021 18:00
Monday 13 September 2021 18:00
Wednesday 11 August 2021 18:00
Tuesday 13 July 2021 18:00
Thursday 10 June 2021 18:00
Wednesday 12 May 2021 18:00
Monday 12 April 2021 18:00
Wednesday 10 March 2021 19:00
Wednesday 10 February 2021 19:00
Wednesday 13 January 2021 19:00

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Monthly Budget Statement result:

Michigan Consumer Sentiment IndexBullish change61.369.4
UoM 5-year Consumer Inflation ExpectationBearish change3.2%2.8%
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)(no change)4%4%
Labor Force Participation RateBullish change62.7%62.8%
Nonfarm PayrollsBullish change150K199K
U6 Underemployment RateBullish change7.2%7%
Unemployment RateBullish change3.9%3.7%
Initial Jobless ClaimsBearish change218K220K
Challenger Job CutsBullish change36.836K45.51K
Nonfarm ProductivityBullish change4.7%5.2%
Unit Labor CostsBearish change-0.8%-1.2%
ADP Employment ChangeBearish change106K103K
ISM Services Employment IndexBullish change50.250.7
ISM Services New Orders Index(no change)55.555.5
ISM Services PMIBullish change51.852.7
ISM Services Prices PaidBearish change58.658.3
JOLTS Job OpeningsBearish change9.35M8.733M
S&P Global Composite PMI(no change)50.750.7
Factory Orders (MoM)Bearish change2.3%-3.6%
ISM Manufacturing Employment IndexBearish change46.845.8
ISM Manufacturing New Orders IndexBullish change45.548.3
ISM Manufacturing PMI(no change)46.746.7
ISM Manufacturing Prices PaidBullish change45.149.9
Pending Home Sales (MoM)Bearish change1%-1.5%
Chicago Purchasing Managers' IndexBullish change4455.8
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change3.7%3.5%
Initial Jobless ClaimsBearish change211K218K
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.4%0%
Personal Consumption Expenditures - Price Index (YoY)Bearish change3.4%3%
Personal Income (MoM)Bearish change0.4%0.2%
Personal SpendingBearish change0.7%0.2%
Core Personal Consumption Expenditures (QoQ)Bearish change2.4%2.3%
Gross Domestic Product AnnualizedBullish change4.9%5.2%
Gross Domestic Product Price Index(no change)3.5%3.5%
Personal Consumption Expenditures Prices (QoQ)Bearish change2.9%2.8%
Housing Price Index (MoM)(no change)0.6%0.6%
New Home Sales Change (MoM)Bearish change8.6%-5.6%

About Monthly Budget Statement

Country:United States
Source:US Bureau of the Fiscal Service
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