Fed’s Harker speech, API crude stocks data highlight Tuesday’s economic events

As traders approach another pivotal day for financial markets on Tuesday, October 22, 2024, a series of crucial economic events and data releases that could sway market dynamics are expected. While no major three-star events are scheduled, market participants will closely monitor speeches from Federal Reserve officials and key oil inventory data.

Major Economic Events to Watch

Other Important Economic Events to Watch

• 9:00 AM ET: FOMC Member Harker Speaks – Federal Reserve Bank of Philadelphia President Patrick Harker’s public engagement may offer insights into future monetary policy.

• 4:30 PM ET: API Weekly Crude Stock (Previous: -1.580M) – This report on US crude oil, gasoline, and distillates stocks provides an overview of petroleum demand.

Other Economic Events to Watch

• 5:00 AM ET: IMF Meetings – Annual gathering of global financial leaders to discuss world economic outlook and international development.

• 7:55 AM ET: Redbook (Previous: 5.6%) – Year-over-year same-store sales growth index for large US general merchandise retailers.

• 9:00 AM ET: Richmond Services Index (Previous: -1) – Survey of business activity in the Fifth Federal Reserve District.

• 9:00 AM ET: Richmond Manufacturing Index (Forecast: -19, Previous: -21) – Indicator of business conditions in the Richmond area manufacturing sector.

• 9:00 AM ET: Richmond Manufacturing Shipments (Previous: -18) – Measure of manufacturing shipments in the Fifth Federal Reserve District.

• 12:00 PM ET: US M2 Money Supply (Previous: 21.18T) – Broad measure of money supply including household financial assets.

For further information and the latest updates, please refer to our Economic Calendar, here.

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