As traders approach another pivotal day for financial markets, Friday, October 11, 2024, is set to deliver a series of crucial economic data releases that could sway market dynamics. The Producer Price Index (PPI) will take center stage, offering insights into inflationary pressures at the producer level. Additionally, the University of Michigan’s Consumer Sentiment Index will provide a glimpse into consumer confidence, potentially influencing market sentiment and economic outlook.

Major Economic Events to Watch

• 8:30 AM ET – PPI (Oct): A key indicator of inflation at the producer level, forecast at 0.1% vs. previous 0.2%.

Other Important Economic Events to Watch

• 8:30 AM ET – Core PPI (Oct): Excludes food and energy prices, expected at 0.2% vs. previous 0.3%.

• 9:45 AM ET – Fed Goolsbee Speaks: Federal Reserve official’s remarks may offer insights into monetary policy.

• 10:00 AM ET – Michigan Consumer Expectations (Oct): Measures consumer outlook, forecast at 75.0 vs. previous 74.4.

• 10:00 AM ET – Michigan Consumer Sentiment (Oct): Gauges overall consumer confidence, expected at 70.9 vs. previous 70.1.

• 12:00 PM ET – WASDE Report: USDA’s World Agricultural Supply and Demand Estimates, crucial for agricultural markets.

• 1:00 PM ET – Baker Hughes U.S. Rig Count: Indicator of oil industry activity, previous count was 479.

• 1:00 PM ET – U.S. Baker Hughes Total Rig Count: Broader measure of drilling activity, previous count was 585.

• 1:10 PM ET – FOMC Member Bowman Speaks: Federal Reserve official’s comments may provide policy insights.

• 3:30 PM ET – CFTC Speculative Positions Reports: Various reports on futures market positions for major assets.

Other Economic Events to Watch

• 8:30 AM ET – Core PPI (YoY) (Oct): Annual change in core producer prices, forecast at 2.7% vs. previous 2.4%.

• 8:30 AM ET – PPI (YoY) (Oct): Annual change in producer prices, expected at 1.6% vs. previous 1.7%.

• 8:30 AM ET – PPI ex. Food/Energy/Trade (MoM) (Oct): Monthly change excluding volatile components, previous 0.3%.

• 8:30 AM ET – PPI ex. Food/Energy/Trade (YoY) (Oct): Annual change excluding volatile components, previous 3.3%.

• 10:00 AM ET – Michigan 5-Year Inflation Expectations (Oct): Long-term inflation outlook, previous 3.1%.

• 10:00 AM ET – Michigan Current Conditions (Oct): Assessment of current economic situation, forecast at 64.3 vs. previous 63.3.

• 10:00 AM ET – Michigan 1-Year Inflation Expectations (Oct): Short-term inflation outlook, previous 2.7%.

• 10:45 AM ET – Fed Logan Speaks: Federal Reserve official’s remarks may offer economic insights.

• 3:30 PM ET – CFTC Speculative Positions Reports: Additional reports on futures market positions for various commodities.

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.