As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Thursday, September 19, 2024. The Philadelphia Fed Manufacturing Index, Initial Jobless Claims, and Existing Home Sales are among the key reports that will be closely watched by investors and analysts alike.
Major Economic Events to Watch
• 8:30 AM ET - Philadelphia Fed Manufacturing Index: Expected at -0.8, previous -7.0. This index rates general business conditions in Philadelphia.
• 8:30 AM ET - Initial Jobless Claims: Forecast at 230K, unchanged from previous week. Measures first-time filings for unemployment insurance.
• 10:00 AM ET - Existing Home Sales: Anticipated at 3.90M, down from 3.95M. Indicates the strength of the U.S. housing market.
Other Important Economic Events to Watch
• 8:30 AM ET - Philly Fed Employment: Previous -5.7. Employment component of the Philadelphia Fed index.
• 8:30 AM ET - Current Account: Forecast -$259.0B, previous -$237.6B. Measures the difference in value between exported and imported goods and services.
• 8:30 AM ET - Continuing Jobless Claims: Expected 1,850K, unchanged from previous week. Measures ongoing unemployment benefit claims.
• 10:00 AM ET - Existing Home Sales (MoM): Previous 1.3%. Measures the change in existing home sales.
• 1:00 PM ET - 10-Year TIPS Auction: Previous yield 1.883%. Treasury Inflation-Protected Securities auction results.
• 4:30 PM ET - Fed's Balance Sheet: Previous $7,115B. Statement of Federal Reserve System assets and liabilities.
• 4:30 PM ET - Reserve Balances with Federal Reserve Banks: Previous $3.360T. Amount of money depository institutions maintain at regional Federal Reserve Banks.
Other Economic Events to Watch
• 8:30 AM ET - Philly Fed Business Conditions: Previous 15.4. Survey of manufacturers on general business conditions.
• 8:30 AM ET - Philly Fed Prices Paid: Previous 24.00. Indicates price trends in manufacturing.
• 8:30 AM ET - Philly Fed New Orders: Previous 14.6. Measures new orders in manufacturing.
• 8:30 AM ET - Philly Fed Capex Index: Previous 12.00. Indicates capital expenditure trends.
• 8:30 AM ET - Jobless Claims 4-Week Avg.: Previous 230.75K. Smoothed measure of initial jobless claims.
• 10:00 AM ET - US Leading Index: Forecast -0.3%, previous -0.6%. Composite index of economic indicators.
• 10:30 AM ET - Natural Gas Storage: Expected 53B, previous 40B. Measures change in natural gas inventories.
• 11:30 AM ET - 4-Week Bill Auction: Previous yield 4.965%. Short-term Treasury bill auction results.
• 11:30 AM ET - 8-Week Bill Auction: Previous yield 4.990%. Short-term Treasury bill auction results.
For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/
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