Consumer confidence, GDP, and Powell's speech headline busy economic week

As traders approach another pivotal week for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected. On Tuesday, the market will get data on consumer confidence, offering insights into household spending patterns. Thursday brings the highly anticipated GDP figures, providing a comprehensive view of economic growth. The same day, Federal Reserve Chair Jerome Powell is scheduled to speak, potentially offering clues about future monetary policy direction.

Major Economic Events to Watch

• Monday, Sept 32, 9:45AM ET: S&P Global US Manufacturing PMI (Forecast: 48.6, Previous 47.9)

• Tuesday, Sept 24, 10:00 AM ET: CB Consumer Confidence (Forecast: 103.5, Previous: 103.3)

• Wednesday, Sept 25, 8:30 AM ET: Building Permits (Forecast: 1.475M, Previous: 1.406M)

• Wednesday, Sept 25, 10:00 AM ET: New Home Sales (Forecast: 693K, Previous: 739K)

• Wednesday, Sept 25, 10:30 AM ET: EIA Crude Oil Inventories (Previous: -1.630M)

• Thursday, Sept 26, 8:30 AM ET: GDP (Forecast: 3.0%, Previous: 1.4%)

• Thursday, Sept 26, 8:30 AM ET: Durable Goods Orders (Forecast: -2.8%, Previous: 9.9%)

• Thursday, Sept 26, 8:30 AM ET: Initial Jobless Claims (Forecast: 224K, Previous: 219K)

• Thursday, Sept 26, 9:20 AM ET: Fed Chair Powell Speaks

• Thursday, Sept 26, 10:00 AM ET: Pending Home Sales (Forecast: 0.5%, Previous: -5.5%)

• Friday, Sept 27, 8:30 AM ET: Core PCE Price Index (Forecast: 0.2%, Previous: 0.2%)

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

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Source: Investing.com