CPI and Jobless Claims Highlight Thursday’s Economic Lineup

As traders prepare for another significant day in the financial markets, a series of critical economic data releases set to occur on Thursday, October 10, 2024, could influence market movements. Key metrics such as the Consumer Price Index (CPI), Core CPI, and Initial Jobless Claims are anticipated, offering vital insights into inflation and the state of the labor market.

Key Economic Events to Monitor:

• 8:30 AM ET – CPI (MoM) (Sep): Expected at 0.1%, down from 0.2%. This indicator measures monthly changes in consumer prices.

• 8:30 AM ET – Core CPI (MoM) (Sep): Anticipated at 0.2%, a decrease from 0.3%. This measures price changes excluding food and energy.

• 8:30 AM ET – CPI (YoY) (Sep): Expected at 2.3%, previously 2.5%. This represents the annual change in consumer prices, reflecting broader inflation trends.

• 8:30 AM ET – Initial Jobless Claims: Projected at 231,000, up from 225,000. This figure indicates new unemployment insurance claims.

Additional Economic Releases of Interest:

• 8:30 AM ET – Core CPI (YoY) (Sep): Expected to remain steady at 3.2%.

• 8:30 AM ET – Continuing Jobless Claims: Anticipated at 1,830,000, slightly above the prior 1,826,000.

• 11:00 AM ET – FOMC Member Williams Speaks: Insights from a Federal Reserve official could provide clues on monetary policy.

• 1:00 PM ET – 30-Year Bond Auction: Previous rate was 4.015%, reflecting investor interest in long-term government bonds.

• 2:00 PM ET – Federal Budget Balance: Last recorded at -380.0 billion, indicating the government’s income versus expenditures.

• 4:30 PM ET – Fed’s Balance Sheet: Previously noted at 7,047 billion, detailing federal assets and liabilities.

• 4:30 PM ET – Reserve Balances with Federal Reserve Banks: Last reported at 3.097 trillion, highlighting depository institutions’ balances at regional Fed banks.

Other Economic Events to Note:

• 8:30 AM ET – CPI Index, n.s.a.: Expected at 314.86, up from the previous figure of 314.80.

• 8:30 AM ET – Core CPI Index: Last noted at 319.77.

• 8:30 AM ET – CPI, n.s.a: Previous figure was 0.08%.

• 8:30 AM ET – CPI Index, s.a: Last recorded at 314.12.

• 8:30 AM ET – Real Earnings: Previously at 0.5%, indicating inflation-adjusted wage changes.

• 8:30 AM ET – Jobless Claims 4-Week Avg.: Most recently at 224.25K, offering a smoothed view of unemployment trends.

• 9:15 AM ET – Fed Governor Cook Speaks: Comments from a Federal Reserve official may provide insight into the economic outlook.

• 10:30 AM ET – Natural Gas Storage: Previous inventory change was 55 billion.

• 11:00 AM ET – Cleveland CPI: Last recorded at 0.3%, reflecting consumer prices in the Cleveland area.

• 11:30 AM ET – 4-Week Bill Auction: Previous yield was 4.755%.

• 11:30 AM ET – 8-Week Bill Auction: Last noted at 4.655%.

This information serves to keep traders and investors informed about critical economic developments that could impact financial markets.