Major Economic Events to Watch

As traders approach another pivotal day for financial markets, a series of crucial economic data releases are expected on Friday, October 25, 2024. The spotlight will be on durable goods orders and the University of Michigan's consumer sentiment index, both key indicators of economic health and consumer confidence in the United States.

Key Data Releases

• 8:30 AM ET – Durable Goods Orders (Sep)
  Forecast: -1.1%
  Previous: 0.0%
  Measures the change in total value of new orders for long-lasting manufactured goods.

Other Important Economic Events

• 8:30 AM ET – Core Durable Goods Orders (Sep)
  Forecast: -0.1%
  Previous: 0.5%
  Measures change in new orders value, excluding transportation items.

• 10:00 AM ET – Michigan Consumer Expectations (Oct)
  Forecast: 72.9
  Previous: 72.9
  Final reading of consumer expectations component.

• 10:00 AM ET – Michigan Consumer Sentiment (Oct)
  Forecast: 68.9
  Previous: 70.1
  Final reading of overall consumer sentiment index.

• 10:30 AM ET – Atlanta Fed GDPNow (Q3)
  Forecast: 3.4%
  Previous: 3.4%
  Running estimate of real GDP growth for the current quarter.

• 1:00 PM ET – Baker Hughes U.S. Rig Count
  Forecast: 482
  Previous: 482
  Important barometer for oil drilling industry activity.

• 1:00 PM ET – U.S. Baker Hughes Total Rig Count
  Previous: 585
  Indicates overall drilling activity across oil and gas sectors.

• 3:30 PM ET – CFTC S&P 500 Speculative Positions
  Previous: 28.1K
  Indicates market sentiment among speculative traders.

• 3:30 PM ET – CFTC Nasdaq 100 Speculative Positions
  Previous: 1.4K
  Shows speculative positioning in tech-heavy index futures.

• 3:30 PM ET – CFTC Gold Speculative Positions
  Previous: 286.4K
  Reflects speculative interest in gold futures.

• 3:30 PM ET – CFTC Crude Oil Speculative Positions
  Previous: 184.4K
  Indicates speculative sentiment in oil markets.

Other Economic Events to Watch

• 6:00 AM ET – IMF Meetings
  Annual gathering of global financial leaders to discuss economic issues.

• 8:30 AM ET – Goods Orders Non Defense Ex Air
  Previous: 0.3%
  Measures new orders for nondefense capital goods excluding aircraft.

• 8:30 AM ET – Durables Excluding Defense
  Previous: -0.2%
  Shows new orders for durable goods excluding defense-related items.

• 10:00 AM ET – Michigan 1-Year Inflation Expectations
  Forecast: 2.9%
  Previous: 2.7%
  Measures consumer inflation expectations for the next year.

• 10:00 AM ET – Michigan Current Conditions
  Forecast: 62.7
  Previous: 63.3
  Assesses consumers' views on current economic conditions.

• 10:00 AM ET – Michigan 5-Year Inflation Expectations
  Forecast: 3.0%
  Previous: 3.1%
  Long-term consumer inflation expectations.

• 11:00 AM ET – Fed Collins Speaks
  Remarks from Federal Reserve official may provide insights on monetary policy.

• 3:30 PM ET – Various CFTC Speculative Positions Reports for commodities including Aluminium, Copper, Silver, Natural Gas, Wheat, Corn, and Soybeans.

For further information and the latest updates, please refer to our Economic Calendar.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.