Consumer confidence data takes center stage in Monday's economic lineup

As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Monday, December 23, 2024. The spotlight will be on the CB Consumer Confidence report, a key indicator of economic sentiment and potential consumer spending patterns.

Major Economic Events to Watch

• 10:00 AM ET - CB Consumer Confidence (Dec): A crucial gauge of consumer economic outlook, forecast at 113.0, up from the previous 111.7.

Other Important Economic Events to Watch

• 1:00 PM ET - 2-Year Note Auction: Treasury auction results provide insights into government borrowing costs and investor demand, with the previous yield at 4.274%.

Other Economic Events to Watch

• 8:30 AM ET - Chicago Fed National Activity (Nov): An indicator of overall economic activity and inflationary pressure, previous reading at -0.40.

• 9:00 AM ET - Dallas Fed PCE (Nov): A measure of core inflation, with the previous rate at 2.30%.

• 11:30 AM ET - 3-Month Bill Auction: Short-term government debt auction, previous yield at 4.250%.

• 11:30 AM ET - 6-Month Bill Auction: Medium-term government debt auction, previous yield at 4.160%.

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

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Source: Investing.com