Key Economic Events to Watch on November 14, 2024

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases are expected.

Major Economic Indicators

8:30 AM ET – PPI (Oct)
Forecast: 0.2%
Previous: 0.0%
A key measure of inflation at the producer level.
8:30 AM ET – Initial Jobless Claims
Forecast: 224K
Previous: 221K
An early indicator of employment trends.
11:00 AM ET – EIA Crude Oil Inventories
Forecast: 1.000M
Previous: 2.149M
Influences crude oil prices and inflation.
3:00 PM ET – Fed Chair Powell Speaks
May provide insights into future monetary policy decisions.

5:00 AM ET – IEA Monthly Report
Provides analysis and outlook for the global oil market.
8:30 AM ET – Core PPI (Oct)
Forecast: 0.3%
Previous: 0.2%
Measures price changes excluding food and energy.
8:30 AM ET – Continuing Jobless Claims
Forecast: 1,880K
Previous: 1,892K
Indicates ongoing unemployment levels.
11:00 AM ET – EIA Weekly Cushing Oil Inventories
Previous: 0.522M
Important for U.S. crude oil benchmark pricing.
4:15 PM ET – FOMC Member Williams Speaks
May offer additional perspective on monetary policy.
4:30 PM ET – Fed's Balance Sheet
Previous: 6,994B
Provides insight into the Fed's monetary operations.
4:30 PM ET – Reserve Balances with Federal Reserve Banks
Previous: 3.256T
Indicates liquidity in the banking system.

7:00 AM ET – FOMC Member Kugler Speaks
May discuss economic outlook and monetary policy.
8:30 AM ET – Various PPI Data Points
Including year-over-year figures and excluding food/energy/trade.
8:30 AM ET – Jobless Claims 4-Week Avg.
Previous: 227.25K
Smooths weekly jobless claims data.
9:00 AM ET – FOMC Member Barkin Speaks
May provide regional economic insights.
10:30 AM ET – Natural Gas Storage
Previous: 69B
Impacts natural gas prices.
11:00 AM ET – Various EIA Energy Data
Including gasoline production, distillate fuel production, and inventories.
11:30 AM ET – 4-Week and 8-Week Bill Auctions
Previous Rates: 4.515% and 4.490% respectively.
Indicates short-term borrowing costs for the government.

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

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