As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Monday, September 30, 2024. The spotlight will be on Federal Reserve Chair Jerome Powell’s speech, which has the potential to provide insights into future monetary policy. Additionally, the Chicago Purchasing Managers’ Index (PMI) will offer a glimpse into the health of the manufacturing sector in the Chicago region.
Major Economic Events to Watch:
• 1:00 PM ET – Fed Chair Powell Speaks: Federal Reserve Chair Jerome Powell is set to deliver a speech, which may offer clues about future monetary policy decisions.
Other Important Economic Events to Watch:
• 7:50 AM ET – FOMC Member Bowman Speaks: Federal Reserve Governor Michelle W. Bowman is scheduled to speak, potentially providing additional insights into monetary policy.
• 9:45 AM ET – Chicago PMI: Previous reading was 46.1. This index measures the economic health of the manufacturing sector in the Chicago region.
Other Economic Events to Watch:
• 8:00 AM ET – Dallas Fed PCE: Previous reading was 1.70%. This indicator measures core inflation using a trimmed-mean approach.
• 9:30 AM ET – Dallas Fed Mfg Business Index: Previous reading was -9.7. This survey assesses factory activity in Texas.
• 10:30 AM ET – 3-Month Bill Auction: Previous yield was 4.540%. This auction reflects short-term government borrowing costs.
• 10:30 AM ET – 6-Month Bill Auction: Previous yield was 4.270%. This auction provides insight into medium-term government borrowing costs.
For further information and the latest updates, please refer to our Economic Calendar, here.
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