As traders approach another pivotal day for the financial markets, a series of critical decisions and economic data releases that could impact market dynamics are expected on Monday, October 7, 2024. The economic calendar for the day includes important speeches from Federal Reserve officials and consumer data releases. Credit data, which can provide insights into consumer spending patterns and overall economic health.
Major economic events to watch
• 3:00 PM ET – Consumer Credit (August): expected $13.80 billion, previous $25.45 billion. This measures the change in existing consumer credit that requires installment payments.
Other important economic events to watch
• 1:50 PM ET – FOMC Member Kashkari speaks: Minneapolis Fed Chairman’s remarks may provide clues about future monetary policy.
• 6:00 PM ET – FOMC Member Bostic Speaks: Atlanta Fed Chairman’s comments could provide insights into the economic outlook.
Other economic events worth watching
• 10:00 AM ET – CB Employment Trends Index (September): 109.04 Previous. This index combines eight labor market indicators.
• 11:30 AM ET – 3-Month Bill Auction: Previous 4.500%. Refers to the government’s borrowing costs for short-term debt.
• 11:30 AM ET – 6-Month Bill Auction: Previous 4.215%. Reflects medium-term government borrowing rates.
For more information and the latest updates, please refer to our economic calendar, here.
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