As traders approach another pivotal day for financial markets on Tuesday, December 3, 2024, a series of crucial decisions and economic data releases that could sway market dynamics are expected. The spotlight will be on the JOLTs Job Openings report, offering insights into the labor market's health. Additionally, market participants will closely monitor a speech by Federal Reserve official Austan Goolsbee for potential clues about future monetary policy direction.
Major Economic Events to Watch:
• 10:00 AM ET - JOLTs Job Openings (Nov): Expected 7.490M, Previous 7.443M. This survey by the US Bureau of Labor Statistics measures job vacancies and provides insights into labor market conditions.
Other Important Economic Events to Watch:
• 3:45 PM ET - Fed Goolsbee Speaks: Federal Reserve official Austan Goolsbee is scheduled to deliver remarks, which may offer insights into the central bank's economic outlook and policy stance.
• 4:30 PM ET - API Weekly Crude Stock: Previous -5.935M. This report provides an overview of US petroleum demand and inventory levels.
Other Economic Events to Watch:
• 8:55 AM ET - Redbook (YoY): Previous 4.9%. This index tracks year-over-year same-store sales growth in large US general merchandise retailers.
• 10:10 AM ET - IBD/TIPP Economic Optimism (Dec): Expected 54.1, Previous 53.2. This index measures the relative level of economic optimism among US consumers.
• 12:35 PM ET - FOMC Member Kugler Speaks: Federal Reserve Governor Adriana Kugler is set to deliver remarks, which may provide insights into the Fed's monetary policy stance.
For further information and the latest updates, please refer to our Economic Calendar, here.
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