Core PCE Price Index Highlights Friday’s Economic Agenda

As traders prepare for a significant day in financial markets, important economic data releases expected on Friday, September 27, 2024, may impact market dynamics. The focus will be on the Core PCE Price Index, an essential inflation indicator closely monitored by the Federal Reserve. This report, along with other critical economic updates, will offer insights into consumer spending, inflation trends, and the overall health of the economy.

Key Economic Events to Monitor

• 8:30 AM ET: Core PCE Price Index (Aug)
  • Forecast: 0.2%
  • Previous: 0.2%
  • This vital inflation metric excludes volatile food and energy prices.

Additional Notable Economic Releases

• 8:30 AM ET: PCE Price Index (YoY) (Aug)

  • Forecast: 2.3%
  • Previous: 2.5%
  • This measures the average price increases for all domestic personal consumption.

• 8:30 AM ET: PCE Price Index (MoM) (Aug)

  • Forecast: 0.2%
  • Previous: 0.2%
  • Monthly change in the PCE Price Index.

• 8:30 AM ET: Personal Spending (Aug)

  • Forecast: 0.3%
  • Previous: 0.5%
  • Captures the change in inflation-adjusted consumer spending.

• 8:30 AM ET: Goods Trade Balance (Aug)

  • Forecast: -$100.20B
  • Previous: -$102.84B
  • The net value between imported and exported goods.

• 10:00 AM ET: Michigan Consumer Sentiment (Sep)

  • Forecast: 69.0
  • Previous: 67.9
  • Indicates the relative level of current and future economic conditions.

• 10:00 AM ET: Michigan Consumer Expectations (Sep)

  • Forecast: 73.0
  • Previous: 72.1
  • Measures consumer expectations for the economy.

• 10:30 AM ET: Atlanta Fed GDPNow (Q3)

  • Forecast: 2.9%
  • Previous: 2.9%
  • Ongoing estimate of real GDP growth for the current quarter.

• 1:00 PM ET: Baker Hughes U.S. Rig Count

  • Previous: 488
  • A key business indicator for the oil drilling sector.

• 1:15 PM ET: FOMC Member Bowman Speaks

  • Public remarks may provide insights into future monetary policy.
• 3:30 PM ET: CFTC Speculative Positions Reports
  • A summary of net positions for speculative traders in U.S. futures markets.

Additional Economic Releases to Consider

• 8:30 AM ET: Real Personal Consumption (Aug)

  • Previous: 0.4%
  • Inflation-adjusted personal consumption data.

• 8:30 AM ET: Personal Income (Aug)

  • Forecast: 0.4%
  • Previous: 0.3%
  • Reflects changes in total income received by consumers.

• 8:30 AM ET: Wholesale Inventories (Aug)

  • Forecast: 0.2%
  • Previous: 0.2%
  • Tracks the change in the total value of goods held by wholesalers.

• 9:00 AM ET: Dallas Fed PCE (Aug)

  • Previous: 1.70%
  • An alternative measure of core inflation.

• 10:00 AM ET: Michigan 1-Year Inflation Expectations (Sep)

  • Forecast: 2.7%
  • Previous: 2.8%
  • Consumer inflation expectations over the next year.

• 10:00 AM ET: Michigan 5-Year Inflation Expectations (Sep)

  • Forecast: 3.1%
  • Previous: 3.0%
  • Consumer inflation expectations over the next five years.
• 10:00 AM ET: Michigan Current Conditions (Sep)
  • Forecast: 62.9
  • Previous: 61.3
  • Evaluates current economic conditions as perceived by consumers.

This information summarizes the economic releases that may influence market trends and trader strategies.