Consumer Credit and Federal Reserve Speeches Spotlight Monday’s Economic Calendar

As traders prepare for a significant day in the financial markets, several key decisions and economic data releases are anticipated on Monday, October 7, 2024. The economic calendar for the day includes vital speeches from Federal Reserve officials and the release of consumer credit data, which may shed light on consumer spending trends and the overall health of the economy.

Key Economic Events to Monitor

• 3:00 PM ET – Consumer Credit (August): Expected at $13.80 billion, down from the previous $25.45 billion. This figure reflects the change in outstanding consumer credit requiring installment payments.

Additional Important Economic Events

• 1:50 PM ET – FOMC Member Kashkari Speaks: Remarks from the Minneapolis Fed President may provide important insights into upcoming monetary policy.

• 6:00 PM ET – FOMC Member Bostic Speaks: Comments from the Atlanta Fed President could offer valuable perspectives on the economic outlook.

Other Notable Economic Indicators

• 10:00 AM ET – CB Employment Trends Index (September): The previous reading was 109.04. This index compiles eight labor market indicators.

• 11:30 AM ET – 3-Month Bill Auction: Previous yield was 4.500%. This auction indicates government borrowing costs for short-term debt.

• 11:30 AM ET – 6-Month Bill Auction: Previous yield was 4.215%. This reflects medium-term government borrowing rates.

Stay tuned for the latest updates and insights into these economic developments.

This article was generated with AI assistance and reviewed by an editor.