Philly Fed, Jobless Claims, Home Sales Data Coming Thursday by Investing.com

As traders approach another pivotal day for the financial markets, Thursday, September 19, 2024, a number of crucial economic data are expected that could influence market dynamics. reports that will be closely watched by investors and analysts alike.

Major economic events to watch

• 8:30 AM ET – Philadelphia Fed Manufacturing Index: Expected at -0.8, previously -7.0. This index assesses general business conditions in Philadelphia.

• 8:30 AM ET – Initial Jobless Claims: Forecast at 230K, unchanged from last week. It measures first-time filing for unemployment insurance.

• 10:00 a.m. ET – Existing home sales: Expected at 3.90 million, down from 3.95 million. It indicates the strength of the US housing market.

Other important economic events to watch

• 8:30 a.m. ET – Philly Fed Hiring: Previously -5.7. The employment component of the Philadelphia Fed index.

• 8:30 AM ET – Current Account: Estimate – $259.0B, Previous – $237.6B. It measures the difference in value between exported and imported goods and services.

• 8:30 AM ET – Jobless claims continued: 1,850,000 estimated, unchanged from the previous week. It measures pending unemployment claims.

• 10:00 AM ET – Sales of Existing Homes (MoM): Previous 1.3%. It measures the change in existing home sales.

• 1:00 PM ET – 10-Year TIPS Auction: Previous Yield 1.883%. Treasury Inflation-Protected Securities Auction Results.

• 4:30 PM ET – Fed Balance Sheet: Previous $7.115B. Statement of Assets and Liabilities of the Federal Reserve System.

• 4:30 PM ET – Reserve balances with Federal Reserve Banks: $3.360 billion prior. The amount money depository institutions keep at regional Federal Reserve banks.

Other economic events to watch

• 8:30 AM ET – Philly Fed Business Conditions: Previous 4/15. Survey of producers on general business conditions.

• 8:30 a.m. ET – Philly Fed Paid Prices: Previous 24.00 p.m. It indicates the price trends in production.

• 8:30 AM ET – Philly Fed New Orders: Previous 14.6. Measure new orders in production.

• 8:30 AM ET – Philly Fed Capex Index: Previous 12:00 PM. It indicates trends in capital expenditure.

• 8:30 AM ET – Jobless Claims 4-Week Average: Previous 230.75K. Standard measure of initial jobless claims.

• 10:00 AM ET – Leading US index: Forecast -0.3%, previously -0.6%. Composite index of economic indicators.

• 10:30 AM ET – Natural Gas Storage: 53B expected, 40B previously. It measures the change in inventories.

• 11:30 a.m. ET – 4-Week Bills Auction: Previous yield 4.965%. Results of short-term Treasury bill auctions.

• 11:30 a.m. ET – 8-Week Bill Auction: Previous Return 4.990%. Results of short-term Treasury bill auctions.

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

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