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 Tuesday, November 12, 2024. The day’s agenda includes speeches from multiple Federal Reserve officials, the release of the OPEC Monthly Report, and several economic indicators that may provide insights into the health of the U.S. economy.
Major Economic Events to Watch
There are no 3-star importance events scheduled for this day.
Other Important Economic Events to Watch
• 7:00 AM ET – OPEC Monthly Report: Provides analysis of key developments impacting oil market trends in world oil demand, supply, and market balance.
• 10:00 AM ET – Fed Waller Speaks: Federal Reserve Governor Christopher Waller’s remarks may offer insights into monetary policy direction.
• 2:00 PM ET – FOMC Member Kashkari Speaks: Minneapolis Fed President Neel Kashkari’s comments could provide clues about future monetary policy.
• 5:00 PM ET – FOMC Member Harker Speaks: Philadelphia Fed President Patrick Harker’s speech may shed light on the Fed’s economic outlook.
Other Economic Events to Watch
• 6:00 AM ET – NFIB Small Business Optimism (Forecast: 91.9, Previous: 91.5): Indicates the health of small businesses in the U.S.
• 8:55 AM ET – Redbook (Previous: 6.0%): Measures year-over-year same-store sales growth in large U.S. general merchandise retailers.
• 10:10 AM ET – IBD/TIPP Economic Optimism (Forecast: 47.3, Previous: 46.9): Rates the relative level of economic conditions and outlook.
• 10:15 AM ET – FOMC Member Barkin Speaks: Richmond Fed President Thomas Barkin may offer insights on monetary policy.
• 11:00 AM ET – NY Fed 1-Year Consumer Inflation Expectations (Previous: 3.0%): Provides insight into consumer expectations for inflation.
• 11:30 AM ET – 3-Month Bill Auction (Previous: 4.440%): Treasury bill auction results indicate government borrowing costs.
• 11:30 AM ET – 6-Month Bill Auction (Previous: 4.260%): Another indicator of short-term government borrowing costs.
• 2:00 PM ET – Loan Officer Survey: Provides insights into bank lending standards and loan demand.
• 5:30 PM ET – FOMC Member Barkin Speaks: Another opportunity for Richmond Fed President Thomas Barkin to comment on economic conditions.
For further information and the latest updates, please refer to our Economic Calendar, here.
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