CPI, crude inventories, and core inflation data due Wednesday

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 Wednesday, September 11, 2024. The Consumer Price Index (CPI), Core CPI, and EIA Crude Oil Inventories are among the key economic indicators set to be released, potentially influencing market sentiment and Federal Reserve policy decisions.


Major Economic Events to Watch

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

• 8:30 AM ET - CPI (YoY) (Aug): Expected 2.6%, Previous 2.9%. Annual change in consumer prices.

• 8:30 AM ET - Core CPI (Aug): Expected 0.2%, Previous 0.2%. Measures price changes excluding food and energy.

• 10:30 AM ET - EIA Crude Oil Inventories: Previous -6.873M. Weekly change in commercial crude oil stocks.


Other Important Economic Events to Watch

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

• 10:30 AM ET - EIA Weekly Cushing Oil Inventories: Previous -1.142M. Change in crude oil stocks at key delivery point.

• 1:00 PM ET - 10-Year Note Auction: Previous 3.960%. Yield on 10-year Treasury notes at auction.


Other Economic Events to Watch

• 7:00 AM ET - MBA 30-Year Mortgage Rate: Previous 6.43%. Average fixed 30-year mortgage rate.

• 7:00 AM ET - MBA Mortgage Applications: Previous 1.6%. Weekly change in mortgage application volume.

• 7:00 AM ET - MBA Purchase Index: Previous 136.1. Index of mortgage applications for home purchases.

• 7:00 AM ET - Mortgage Market Index: Previous 230.5. Overall index of mortgage application activity.

• 7:00 AM ET - Mortgage Refinance Index: Previous 751.4. Index of mortgage refinancing activity.

• 8:30 AM ET - CPI Index, n.s.a.: Expected 314.98, Previous 314.54. Non-seasonally adjusted consumer price index.

• 8:30 AM ET - Core CPI Index: Previous 318.87. Consumer price index excluding food and energy.

• 8:30 AM ET - CPI, n.s.a: Previous 0.12%. Non-seasonally adjusted monthly change in consumer prices.

• 8:30 AM ET - Real Earnings: Previous -0.2%. Inflation-adjusted earnings data.

• 8:30 AM ET - CPI Index, s.a: Previous 313.53. Seasonally adjusted consumer price index.

• 10:30 AM ET - EIA Weekly Distillate Fuel Production: Previous 0.167M. Weekly change in distillate fuel production.

• 10:30 AM ET - EIA Weekly Refinery Utilization Rates: Previous 1.0%. Percentage of operable refinery capacity utilized.

• 10:30 AM ET - EIA Weekly Heatoil Stock: Previous 0.939M. Weekly change in heating oil inventories.

• 10:30 AM ET - EIA Weekly Crude Imports: Previous -0.853M. Weekly change in crude oil imports.

• 10:30 AM ET - EIA Refinery Crude Runs: Previous 0.036M. Weekly change in crude oil processed by refineries.

• 10:30 AM ET - EIA Weekly Gasoline Production: Previous 0.136M. Weekly change in gasoline production.

• 10:30 AM ET - Gasoline Inventories: Previous 0.848M. Weekly change in gasoline stocks.

• 10:30 AM ET - EIA Weekly Distillates Stocks: Previous -0.371M. Weekly change in distillate fuel inventories.

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

• 11:00 AM ET - Thomson Reuters (NYSE:TRI ) IPSOS PCSI: Previous 55.27. Consumer sentiment index.


For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/


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

Source: Investing.com