Consumer Confidence, GDP, and Powell’s Speech Highlight a Busy Economic Week

As traders gear up for a critical week in the financial markets, a variety of significant decisions and economic data releases that could impact market movements are anticipated. On Tuesday, data regarding consumer confidence will be released, providing insights into consumer spending habits. Thursday is particularly significant, as it features the much-anticipated GDP figures, which will offer a detailed look at economic growth. Additionally, Federal Reserve Chair Jerome Powell is set to speak that day, possibly shedding light on future monetary policy.

Key Economic Events to Monitor:

• Monday, Sept 32, 9:45 AM ET: S&P Global US Manufacturing PMI (Forecast: 48.6, Previous: 47.9)
• Tuesday, Sept 24, 10:00 AM ET: CB Consumer Confidence (Forecast: 103.5, Previous: 103.3)
• Wednesday, Sept 25, 8:30 AM ET: Building Permits (Forecast: 1.475M, Previous: 1.406M)
• Wednesday, Sept 25, 10:00 AM ET: New Home Sales (Forecast: 693K, Previous: 739K)
• Wednesday, Sept 25, 10:30 AM ET: EIA Crude Oil Inventories (Previous: -1.630M)
• Thursday, Sept 26, 8:30 AM ET: GDP (Forecast: 3.0%, Previous: 1.4%)
• Thursday, Sept 26, 8:30 AM ET: Durable Goods Orders (Forecast: -2.8%, Previous: 9.9%)
• Thursday, Sept 26, 8:30 AM ET: Initial Jobless Claims (Forecast: 224K, Previous: 219K)
• Thursday, Sept 26, 9:20 AM ET: Fed Chair Powell Speaks
• Thursday, Sept 26, 10:00 AM ET: Pending Home Sales (Forecast: 0.5%, Previous: -5.5%)
• Friday, Sept 27, 8:30 AM ET: Core PCE Price Index (Forecast: 0.2%, Previous: 0.2%)

Stay informed with the latest updates throughout the week as these events unfold.

This article was generated with the support of AI and reviewed by an editor.