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 9, 2024. While no three-star events are scheduled, market participants will closely monitor several two-star releases, including the Atlanta Fed’s GDPNow estimate and consumer credit figures, which could provide insights into economic growth and consumer behavior.
Major Economic Events to Watch
No three-star events are scheduled for this day.
Other Important Economic Events to Watch
• Atlanta Fed GDPNow at 12:30 PM ET: Forecast 2.1%, previous 2.1%. This running estimate of real GDP growth offers insights into current economic conditions.
• Consumer Credit at 3:00 PM ET: Forecast $12.50B, previous $8.93B. This measure of outstanding consumer credit can indicate consumer spending and confidence trends.
Other Economic Events to Watch
• Wholesale Trade Sales at 10:00 AM ET: Previous -0.6%. Indicates changes in sales at the wholesale level.
• Wholesale Inventories at 10:00 AM ET: Forecast 0.3%, previous 0.2%. Measures changes in the value of goods held by wholesalers.
• CB Employment Trends Index at 10:00 AM ET: Previous 109.61. Aggregates eight labor market indicators to provide a comprehensive view of employment trends.
• Total Vehicle Sales at 10:00 AM ET: Forecast 15.40M, previous 15.80M. An important indicator of consumer spending and confidence.
• NY Fed 1-Year Consumer Inflation Expectations at 11:00 AM ET: Previous 3.0%. Offers insights into consumer expectations for future inflation.
• 3-Month Bill Auction at 11:30 AM ET: Previous 4.970%. Reflects short-term government borrowing costs.
• 6-Month Bill Auction at 11:30 AM ET: Previous 4.645%. Indicates medium-term government borrowing rates.
For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/
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