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 21, 2024. The spotlight will be on FOMC Member Neel Kashkari's speech, which could provide insights into the Federal Reserve's monetary policy stance.
Major Economic Events to Watch:
• 1:00 PM ET - FOMC Member Kashkari Speaks: Federal Reserve Bank of Minneapolis President Neel Kashkari's public engagement may offer subtle clues about future monetary policy.
Other Important Economic Events to Watch:
• 5:00 AM ET - IMF Meetings: Annual Meetings of the IMF and World Bank Group, bringing together global financial leaders to discuss world economic outlook and development issues.
Other Economic Events to Watch:
• 8:55 AM ET - Fed Logan Speaks: Lorie K. Logan, president and CEO of the Federal Reserve Bank of Dallas, is scheduled to speak.
• 10:00 AM ET - US Leading Index: Expected at -0.3%, previous -0.2%. This composite index signals peaks and troughs in the business cycle.
• 11:30 AM ET - 3-Month Bill Auction: Previous rate was 4.515%. This auction provides insight into short-term government borrowing costs.
• 11:30 AM ET - 6-Month Bill Auction: Previous rate was 4.270%. Another indicator of government debt and investor sentiment.
• 5:05 PM ET - Fed Schmid Speaks: Jeff Schmid, president and CEO of the Federal Reserve Bank of Kansas City, may offer clues on the FOMC's economic assessment and policy outlook.
For further information and the latest updates, please refer to our Economic Calendar, here.
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