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Fed Chair Powell’s Speech and Chicago PMI Highlights for Monday

As traders gear up for another critical day in the financial markets, a range of significant decisions and economic data releases are anticipated on Monday, September 30, 2024. Key focus will be on Federal Reserve Chair Jerome Powell’s upcoming speech, which is expected to offer insights into future monetary policy directions. Additionally, the Chicago Purchasing Managers’ Index (PMI) will provide valuable information regarding the state of the manufacturing sector in the Chicago area.

Major Economic Events to Watch:

  • 1:00 PM ET – Fed Chair Powell Speaks: Federal Reserve Chair Jerome Powell will deliver a speech that could shed light on future monetary policy decisions.

Other Important Economic Events:

  • 7:50 AM ET – FOMC Member Bowman Speaks: Federal Reserve Governor Michelle W. Bowman is scheduled to address the public, potentially offering more insights into monetary policy.

  • 9:45 AM ET – Chicago PMI: The previous reading was 46.1. This index measures the economic health of the manufacturing sector in the Chicago region.

Additional Economic Events:

  • 8:00 AM ET – Dallas Fed PCE: The previous reading was 1.70%. This indicator tracks core inflation through a trimmed-mean methodology.

  • 9:30 AM ET – Dallas Fed Mfg Business Index: The previous reading was -9.7. This survey evaluates factory activity in Texas.

  • 10:30 AM ET – 3-Month Bill Auction: The previous yield was 4.540%, reflecting government borrowing costs for the short term.

  • 10:30 AM ET – 6-Month Bill Auction: The previous yield was 4.270%, offering insight into government borrowing costs over the medium term.

Stay tuned for more information and updates on these economic events.

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

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