Friday's Economic Calendar Feb. 20, 2026

8:30 AM GDP
Gross Domestic Product represents the total value of the country's production during the period and consists of the purchases of domestically produced goods and services by individuals, businesses, foreigners, and government entities.
The initial estimate for Q4 is seen at a growth rate of 2.8 percent after 4.4 percent in Q3. PCE is expected at 2.4 percent after 3.5 percent in Q3.
8:30 AM Personal Income and Outlays
Personal income represents the income that households receive from all sources, including wages and salaries, fringe benefits such as employer contributions to private pension plans, proprietors' income, income from rent, dividends and interest, and transfer payments such as Social Security and unemployment compensation.
Spending is expected to be up 0.3 percent and income at 0.3 percent in the delayed report for December. Core PCE prices are expected to be up 0.3 percent, an unpleasant outcome for anyone hoping for more aggressive rate cuts.
9:45 AM PMI Composite Flash
The flash Composite Purchasing Managers' Index (PMI) provides an early estimate of current private sector output by combining information obtained from surveys of around 1,000 manufacturing and service sector companies.
Manufacturing PMI is seen at 51.9 in February flash versus 52.4 in the January final.
9:45 AM Raphael Bostic Speaks
Atlanta Federal Reserve Bank President Raphael Bostic participates in a moderated conversation on the economic outlook before the event hosted by the Birmingham Business Journal.
10:00 AM New Home Sales
New home sales measure the number of newly constructed homes with a committed sale during the month.
The delayed reports are expected to show sales at an annual 735K rate in November and 728K rate in December.
10:00 AM Consumer Sentiment
The University of Michigan's Consumer Survey Center questions households each month on their assessment of current conditions and expectations of future conditions.
The final February report is expected to show the sentiment index at 57.0 versus 57.3 in the preliminary February report compared with 56.4 in the January final and a much stronger 64.7 a year ago.
1:00 PM Baker Hughes Rig Count
The Baker Hughes North American rig count tracks weekly changes in the number of active operating oil & gas rigs.
3:30 PM Alberto Musalem Speaks
St. Louis Federal Reserve Bank President Alberto Musalem appears on Fox Business.