Consumer confidence, GDP and Powell’s speech headline busy economic week By Investing.com

As traders approach another pivotal week for financial markets, a number of crucial decisions and economic data are expected that could influence market dynamics. On Tuesday, the market will receive data on consumer confidence, providing insights into household spending patterns. Thursday brings the much-anticipated GDP numbers, providing a comprehensive picture of economic growth. On the same day, Federal Reserve Chairman Jerome Powell is scheduled to speak, possibly providing clues about the future direction of monetary policy.

Major economic events to watch

• Monday, September 32, 9:45 a.m. ET: S&P Global US Manufacturing PMI (Forecast: 48.6, previous 47.9)

• Tuesday, Sept. 24, 10 a.m. ET: CB Consumer Confidence (Forecast: 103.5, Previous: 103.3)

• Wednesday, September 25, 8:30 a.m. ET: Building Permits (Forecast: 1,475 M, Previous: 1,406 M)

• Wednesday, September 25, 10:00 a.m. ET: New Home Sales (Forecast: 693K, Previous: 739K)

• Wednesday, September 25, 10:30 a.m. ET: EIA Crude Oil Stocks (Prev: -1,630M)

• Thursday, September 26, 8:30 a.m. ET: GDP (Forecast: 3.0%, Previous: 1.4%)

• Thursday, September 26, 8:30 a.m. ET: Durable goods orders (Forecast: -2.8%, Previous: 9.9%)

• Thursday, September 26, 8:30 a.m. ET: Initial Jobless Claims (Forecast: 224K, Previous: 219K)

• Thursday, September 26, 9:20 a.m. ET: Fed Chairman Powell speaks

• Thursday, September 26, 10:00 a.m. ET: Pending Home Sales (Forecast: 0.5%, Previous: -5.5%)

• Friday, September 27, 8:30 a.m. ET: Core PCE Price Index (Forecast: 0.2%, Previous: 0.2%)

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

This article was generated with support from AI and reviewed by an editor. For more information, see T&C.