As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Friday, December 20, 2024. The spotlight will be on the Core PCE Price Index, a key inflation indicator closely watched by the Federal Reserve, along with personal spending figures that offer insights into consumer behavior and economic health.
Major Economic Events to Watch
• 8:30 AM ET - Core PCE Price Index (Nov): Expected 0.2%, Previous 0.3%. This is the Fed's preferred inflation gauge, excluding food and energy prices.
• 8:30 AM ET - Personal Spending (Nov): Forecast 0.5%, Previous 0.4%. Measures changes in consumer spending, a significant driver of economic activity.
Other Important Economic Events to Watch
• 7:30 AM ET - FOMC Member Daly Speaks: San Francisco Fed President's remarks may offer clues on monetary policy direction.
• 8:30 AM ET - PCE Price Index (Nov): Forecast 0.2%, Previous 0.2%. Broader measure of inflation including all personal consumption expenditures.
• 8:30 AM ET - PCE Price Index (YoY) (Nov): Expected 2.5%, Previous 2.3%. Year-over-year change in the PCE price index.
• 8:30 AM ET - Core PCE Price Index (YoY) (Nov): Forecast 2.9%, Previous 2.8%. Annual change in core PCE, excluding volatile food and energy prices.
• 10:00 AM ET - Michigan Consumer Sentiment (Dec): Expected 74.0, Previous 71.8. Gauge of consumer confidence in economic conditions.
• 10:00 AM ET - Michigan Consumer Expectations (Dec): Forecast 71.6, Previous 76.9. Measures consumer outlook on future economic conditions.
• 10:30 AM ET - Atlanta Fed GDPNow (Q4): Previous 3.2%. Real-time estimate of GDP growth based on available economic data.
• 1:00 PM ET - Baker Hughes (NASDAQ:BKR) U.S. Rig Count: Indicator of demand for oil products and services.
• 1:00 PM ET - U.S. Baker Hughes Total (EPA:TTEF) Rig Count: Comprehensive count of active drilling rigs in the U.S.
• 3:30 PM ET - CFTC Speculative Positions Reports: Various reports on speculative positions in futures markets, including S&P 500, Nasdaq 100, Gold, and Crude Oil.
Other Economic Events to Watch
• 8:30 AM ET - Personal Income (Nov): Expected 0.4%, Previous 0.6%. Measures change in total consumer income.
• 8:30 AM ET - Real Personal Consumption (Nov): Previous 0.1%. Inflation-adjusted measure of consumer spending.
• 9:00 AM ET - Dallas Fed PCE (Nov): Previous 2.30%. Alternative measure of core inflation.
• 10:00 AM ET - Michigan Current Conditions (Dec): Forecast 77.7, Previous 63.9. Assessment of present economic conditions.
• 10:00 AM ET - Michigan 1-Year Inflation Expectations (Dec): Expected 2.9%, Previous 2.6%. Short-term consumer inflation expectations.
• 10:00 AM ET - Michigan 5-Year Inflation Expectations (Dec): Forecast 3.1%, Previous 3.2%. Long-term consumer inflation expectations.
• 3:30 PM ET - CFTC Speculative Positions Reports: Additional reports on Aluminium, Copper, Silver, Natural Gas, Wheat, Corn, and Soybeans futures markets.
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.