Economic Calendar for Week Ahead October 7th

As we enter the week of October 7, 2024, several pivotal economic events are set to shape market dynamics in the United States and globally. Investors will closely monitor inflation data, central bank meetings, and the commencement of earnings season.

Here’s what to expect:

   – Scheduled for release on October 10, the CPI report is anticipated to show a slowdown in annual inflation to 2.3% for September, down from 2.5% in August. A month-over-month increase of 0.1% is expected, signaling a potential easing in inflation pressures.

   – Also on October 10, the FOMC minutes from the previous meeting will provide insights into monetary policy direction amid discussions of interest rate cuts. Following a robust jobs report, expectations for significant rate cuts have been tempered.

   – The week will mark the start of Q3 earnings season with major banks like JPMorgan Chase and Wells Fargo reporting on October 11. These results will be pivotal for market sentiment as investors gauge corporate health amidst changing economic conditions.

   – Other important releases include the Producer Price Index (PPI) on October 11, which is expected to rise by 0.1%, and preliminary figures for Michigan consumer sentiment on the same day.

   – The European Central Bank (ECB) will release minutes from its recent monetary policy meeting on October 10, following a rate cut earlier this year. Key economic indicators such as Germany’s factory orders and retail sales will also be reported, with expectations of mixed results.

   – In Japan, the Reuters Tankan Index will be updated, providing insights into business sentiment as markets react after the Golden Week holiday. Meanwhile, South Korea is expected to announce its first interest rate cut in over four years.

   – Inflation rates from Brazil and Mexico will be released mid-week, adding context to regional economic conditions as policymakers navigate inflationary pressures[4][5].

– October 8 (Tuesday): NFIB Small Business Index, Balance of Trade.

– October 10 (Thursday): CPI Report, FOMC Minutes.

– October 11 (Friday): PPI Report, Earnings from major banks.

The week ahead promises to be critical for investors as they navigate through essential economic reports and corporate earnings announcements. With inflation data at the forefront, market participants will keenly assess how these developments influence monetary policy and overall economic sentiment in the U.S. and abroad. Keeping an eye on geopolitical tensions and their potential impact on oil prices will also be crucial as these factors continue to affect global markets.