As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, September 27, 2024. The spotlight will be on the Core PCE Price Index, a key inflation indicator closely watched by the Federal Reserve. This release, along with other important economic reports, will provide valuable insights into consumer spending, inflation trends, and overall economic health.
Major Economic Events to Watch
• 8:30 AM ET: Core PCE Price Index (Aug) - Forecast: 0.2%, Previous: 0.2%. This crucial inflation measure excludes volatile food and energy prices.
Other Important Economic Events to Watch
• 8:30 AM ET: PCE Price Index (YoY) (Aug) - Forecast: 2.3%, Previous: 2.5%. Measures the average increase in prices for all domestic personal consumption.
• 8:30 AM ET: PCE Price Index (MoM) (Aug) - Forecast: 0.2%, Previous: 0.2%. Month-over-month change in the PCE Price Index.
• 8:30 AM ET: Personal Spending (Aug) - Forecast: 0.3%, Previous: 0.5%. Measures the change in inflation-adjusted consumer spending.
• 8:30 AM ET: Goods Trade Balance (Aug) - Forecast: -$100.20B, Previous: -$102.84B. Difference in value between imported and exported goods.
• 10:00 AM ET: Michigan Consumer Sentiment (Sep) - Forecast: 69.0, Previous: 67.9. Rates the relative level of current and future economic conditions.
• 10:00 AM ET: Michigan Consumer Expectations (Sep) - Forecast: 73.0, Previous: 72.1. Measures consumer expectations for the economy.
• 10:30 AM ET: Atlanta Fed GDPNow (Q3) - Forecast: 2.9%, Previous: 2.9%. Running estimate of real GDP growth for the current quarter.
• 1:00 PM ET: Baker Hughes U.S. Rig Count - Previous: 488. Important business barometer for the oil drilling industry.
• 1:15 PM ET: FOMC Member Bowman Speaks. Public engagement may offer clues about future monetary policy.
• 3:30 PM ET: CFTC Speculative Positions reports for various assets. Provides breakdown of net positions for speculative traders in U.S. futures markets.
Other Economic Events to Watch
• 8:30 AM ET: Real Personal Consumption (Aug) - Previous: 0.4%. Personal consumption adjusted for inflation.
• 8:30 AM ET: Personal Income (Aug) - Forecast: 0.4%, Previous: 0.3%. Measures change in total value of income received by consumers.
• 8:30 AM ET: Wholesale Inventories (Aug) - Forecast: 0.2%, Previous: 0.2%. Measures change in total value of goods held by wholesalers.
• 9:00 AM ET: Dallas Fed PCE (Aug) - Previous: 1.70%. Alternative measure of core inflation.
• 10:00 AM ET: Michigan 1-Year Inflation Expectations (Sep) - Forecast: 2.7%, Previous: 2.8%. Consumer expectations for inflation over the next year.
• 10:00 AM ET: Michigan 5-Year Inflation Expectations (Sep) - Forecast: 3.1%, Previous: 3.0%. Consumer expectations for inflation over the next five years.
• 10:00 AM ET: Michigan Current Conditions (Sep) - Forecast: 62.9, Previous: 61.3. Measures current economic conditions as perceived by consumers.
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.