As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Thursday, October 10, 2024. The Consumer Price Index (CPI), Core CPI, and Initial Jobless Claims will be in the spotlight, providing key insights into inflation trends and the labor market’s health.

Major Economic Events to Watch

• 8:30 AM ET – CPI (MoM) (Sep): Expected 0.1%, Previous 0.2%. Measures changes in consumer prices, a key inflation indicator.

• 8:30 AM ET – Core CPI (MoM) (Sep): Expected 0.2%, Previous 0.3%. Tracks consumer price changes excluding food and energy.

• 8:30 AM ET – CPI (YoY) (Sep): Expected 2.3%, Previous 2.5%. Annual change in consumer prices, reflecting broader inflation trends.

• 8:30 AM ET – Initial Jobless Claims: Expected 231K, Previous 225K. Indicates the number of new unemployment insurance claims filed.

Other Important Economic Events to Watch

• 8:30 AM ET – Core CPI (YoY) (Sep): Expected 3.2%, Previous 3.2%. Annual change in core consumer prices.

• 8:30 AM ET – Continuing Jobless Claims: Expected 1,830K, Previous 1,826K. Shows ongoing unemployment insurance claims.

• 11:00 AM ET – FOMC Member Williams Speaks: Federal Reserve official’s remarks may offer insights into monetary policy.

• 1:00 PM ET – 30-Year Bond Auction: Previous 4.015%. Indicates investor demand for long-term government debt.

• 2:00 PM ET – Federal Budget Balance: Previous -380.0B. Measures the difference between government income and expenditure.

• 4:30 PM ET – Fed’s Balance Sheet: Previous 7,047B. Provides details on Federal Reserve assets and liabilities.

• 4:30 PM ET – Reserve balances with Federal Reserve Banks: Previous 3.097T. Shows depository institutions’ account balances at regional Fed banks.

Other Economic Events to Watch

• 8:30 AM ET – CPI Index, n.s.a.: Expected 314.86, Previous 314.80. Non-seasonally adjusted consumer price index.

• 8:30 AM ET – Core CPI Index: Previous 319.77. Core consumer price index excluding food and energy.

• 8:30 AM ET – CPI, n.s.a: Previous 0.08%. Non-seasonally adjusted consumer price index.

• 8:30 AM ET – CPI Index, s.a: Previous 314.12. Seasonally adjusted consumer price index.

• 8:30 AM ET – Real Earnings: Previous 0.5%. Measures changes in wages adjusted for inflation.

• 8:30 AM ET – Jobless Claims 4-Week Avg.: Previous 224.25K. Smoothed average of weekly jobless claims.

• 9:15 AM ET – Fed Governor Cook Speaks: Federal Reserve official’s comments on economic outlook.

• 10:30 AM ET – Natural Gas Storage: Previous 55B. Weekly change in inventories.

• 11:00 AM ET – Cleveland CPI: Previous 0.3%. Consumer price index for the Cleveland metropolitan area.

• 11:30 AM ET – 4-Week Bill Auction: Previous 4.755%. Short-term Treasury bill auction results.

• 11:30 AM ET – 8-Week Bill Auction: Previous 4.655%. Short-term Treasury bill auction results.

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

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