Consumer credit and Fed speeches highlight Monday’s economic calendar

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.

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