As traders approach another crucial day for financial markets, a series of crucial decisions and economic data releases are expected on Monday, October 7, 2024 that could influence market dynamics. The day's economic calendar includes important speeches by Federal Reserve officials and the release of consumer reports. credit data, which could provide insights into consumer spending patterns and overall economic health.
Main economic events to follow
• 3:00 pm ET – Consumer Credit (August): $13.80 billion expected, down from $25.45 billion. This measures the change in outstanding consumer credit that requires installment payments.
Other important economic events to watch
• 1:50 PM ET, FOMC member Kashkari speaks: The Minneapolis Fed president's comments may offer clues about future monetary policy.
• 6:00 pm ET: FOMC member Bostic speaks: The Atlanta Fed president's comments could provide insight into the economic outlook.
Other economic events to follow
• 10:00 am (CET): CB Employment Trends Index (September): previous 109.04. This index aggregates eight labor market indicators.
• 11:30 am ET – 3-Month Bill Auction: Previous 4,500%. Indicates the government's borrowing costs for short-term debt.
• 11:30 am ET – 6-Month Bill Auction: Previous 4.215%. It reflects medium-term public debt rates.
For more information and the latest updates, see our Economic Calendar, here.
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