🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Consumer credit and Fed speeches highlight Monday's economic calendar

Published 10/04/2024, 02:00 PM
© Reuters.

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, October 7, 2024. The day's economic calendar features important speeches from Federal Reserve officials and the release of consumer credit data, which could provide insights into consumer spending patterns and overall economic health.

Major Economic Events to Watch

• 3:00 PM ET - Consumer Credit (Aug): Expected $13.80B, Previous $25.45B. This measures the change in outstanding consumer credit requiring installment payments.

Other Important Economic Events to Watch

• 1:50 PM ET - FOMC Member Kashkari Speaks: Minneapolis Fed President's remarks may offer clues on future monetary policy.

• 6:00 PM ET - FOMC Member Bostic Speaks: Atlanta Fed President's comments could provide insights on economic outlook.

Other Economic Events to Watch

• 10:00 AM ET - CB Employment Trends Index (Sep): Previous 109.04. This index aggregates eight labor market indicators.

• 11:30 AM ET - 3-Month Bill Auction: Previous 4.500%. Indicates government borrowing costs for short-term debt.

• 11:30 AM ET - 6-Month Bill Auction: Previous 4.215%. Reflects medium-term government borrowing rates.

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.