As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Tuesday, October 8, 2024. The day’s schedule includes significant reports on trade balance, exports, and imports, which will provide insights into the United States’ economic performance and international trade position.

Major Economic Events to Watch

• 8:30 AM ET – Trade Balance (Aug): Expected -$70.60B, Previous -$78.80B. Measures the difference in value between imported and exported goods and services.

• 8:30 AM ET – Exports (Aug): Previous $266.60B. Provides the total US dollar amount of merchandise exports.

• 8:30 AM ET – Imports (Aug): Previous $345.40B. Measures the value of goods and services brought into the US from other countries.

• 10:30 AM ET – Atlanta Fed GDPNow: Forecast 2.5%, Previous 2.5%. Provides a running estimate of real GDP growth based on available economic data.

• 12:00 PM ET – EIA Short-Term Energy Outlook: Offers forecasts for consumption, supply, trade, and prices across major fuel types.

• 12:45 PM ET – FOMC Member Bostic Speaks: Atlanta Fed President’s remarks may offer insights into future monetary policy.

• 1:00 PM ET – 3-Year Note Auction: Previous 3.440%. Indicates the yield on Treasury Notes auctioned, reflecting government debt situation.

• 4:30 PM ET – API Weekly Crude Stock: Previous -1.458M. Reports inventory levels of US , gasoline, and distillates stocks.

Other Economic Events to Watch

• 3:00 AM ET – FOMC Member Kugler Speaks: Federal Reserve Governor’s remarks may influence market expectations.

• 6:00 AM ET – NFIB Small Business Optimism (Sep): Forecast 92.0, Previous 91.2. Indicates the health of small businesses in the U.S.

• 8:55 AM ET – Redbook (YoY) (Oct 6): Previous 5.3%. Measures year-over-year same-store sales growth in large US general merchandise retailers.

• 10:10 AM ET – IBD/TIPP Economic Optimism (Oct): Forecast 47.2, Previous 46.1. Rates the relative level of economic conditions.

• 4:00 PM ET – Fed Collins Speaks: Boston Fed President’s comments may offer insights into monetary policy stance.

• 7:30 PM ET – Fed Governor Jefferson Speaks: Remarks may provide clues about future Fed decisions.

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.