NY Empire State Manufacturing Index and Federal Budget Balance due Tuesday

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 15, 2024. The New York Empire State Manufacturing Index and the Federal Budget Balance are among the key reports that will be closely watched by investors and analysts.

Major Economic Events to Watch

• 8:30 AM ET - NY Empire State Manufacturing Index (Oct): Expected 3.40, Previous 11.50. This index rates the relative level of general business conditions in New York state.

• 2:00 PM ET - Federal Budget Balance (Sep): Forecast $61.0B, Previous -$380.0B. This measure indicates the difference between federal government income and expenditure.

Other Important Economic Events to Watch

• 4:00 AM ET - IEA Monthly Report: Provides analysis of key developments impacting oil market trends in world oil demand and supply.

• 11:30 AM ET - FOMC Member Daly Speaks: San Francisco Fed President may offer insights on future monetary policy.

• 7:00 PM ET - FOMC Member Bostic Speaks: Atlanta Fed President's remarks could provide clues about the Fed's stance.

Other Economic Events to Watch

• 7:55 AM ET - Redbook (YoY): Previous 5.4%. This index measures year-over-year same-store sales growth in large US general merchandise retailers.

• 10:00 AM ET - NY Fed 1-Year Consumer Inflation Expectations: Previous 3.0%.

• 10:30 AM ET - 3-Month Bill Auction: Previous 4.550%.

• 10:30 AM ET - 6-Month Bill Auction: Previous 4.305%.

• 1:05 PM ET - FOMC Member Kugler Speaks: Federal Reserve Governor may discuss monetary policy options.

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.

Source: Investing.com