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 Wednesday, October 23, 2024. The spotlight will be on existing home sales and crude oil inventories, two key indicators that offer insights into the health of the U.S. housing market and energy sector, respectively.
Major Economic Events to Watch
• 10:00 AM ET - Existing Home Sales (Sep): Expected 3.88M, Previous 3.86M. This report gauges the strength of the U.S. housing market and overall economic health.
• 10:30 AM ET - EIA Crude Oil Inventories: Forecast 0.700M, Previous -2.191M. This weekly report influences petroleum product prices and can impact inflation.
Other Important Economic Events to Watch
• 9:00 AM ET - FOMC Member Bowman Speaks: Her remarks may offer clues about future monetary policy.
• 10:00 AM ET - Existing Home Sales (MoM): Previous -2.5%. Measures the change in existing residential building sales.
• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous 0.108M. Important for the U.S. crude oil benchmark.
• 1:00 PM ET - 20-Year Bond Auction: Previous 4.039%. Indicates government debt situation.
• 2:00 PM ET - Beige Book: Provides insights into economic trends and challenges across 12 Federal districts.
Other Economic Events to Watch
• 6:00 AM ET - IMF Meetings: Global economic discussions among financial leaders.
• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.52%.
• 7:00 AM ET - MBA Mortgage Applications: Previous -17.0%.
• 7:00 AM ET - MBA Purchase Index: Previous 138.4.
• 7:00 AM ET - Mortgage Market Index: Previous 230.2.
• 7:00 AM ET - Mortgage Refinance Index: Previous 734.6.
• 10:30 AM ET - Gasoline Inventories: Forecast -1.600M, Previous -2.201M.
• 10:30 AM ET - EIA Weekly Distillates Stocks: Forecast -2.000M, Previous -3.534M.
• 10:30 AM ET - EIA Weekly Heatoil Stock: Previous -0.343M.
• 10:30 AM ET - EIA Weekly Crude Imports: Previous -1.039M.
• 10:30 AM ET - EIA Refinery Crude Runs: Previous 0.165M.
• 10:30 AM ET - EIA Weekly Refinery Utilization Rates: Previous 1.0%.
• 10:30 AM ET - EIA Weekly Gasoline Production: Previous -0.941M.
• 10:30 AM ET - EIA Weekly Distillate Fuel Production: Previous -0.234M.
• 12:00 PM ET - FOMC Member Barkin Speaks: May provide insights on future monetary policy.
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.