Schedule for Week of October 27, 2024

by Calculated Threat on 10/26/2024 08:11:00 AM

Boo!

The important thing stories this week are the advance estimate of Q3 GDP and the October employment report.

Different key indicators embrace Private Earnings and Outlays and PCE costs for September, the Case-Shiller home costs for August, October ISM manufacturing and companies indexes, and October automobile gross sales.

—– Monday, October twenty eighth —–

10:30 AM: Dallas Fed Survey of Manufacturing Exercise for October.  That is the final regional Fed survey for October.
—– Tuesday, October twenty ninth —–

9:00 AM ET: S&P/Case-Shiller Home Worth Index for August.  The consensus is for the Composite 20 index to be up 6.0% year-over-year.

This graph exhibits the year-over-year change within the nominal seasonally adjusted Nationwide Index, Composite 10 and Composite 20 indexes via the latest report (the Composite 20 was began in January 2000).

9:00 AM: FHFA Home Worth Index for August. This was initially a GSE solely repeat gross sales, nonetheless there’s additionally an expanded index.

10:00 AM: Job Openings and Labor Turnover Survey for September from the BLS.

This graph exhibits job openings (black line), hires (purple), Layoff, Discharges and different (pink column), and Quits (gentle blue column) from the JOLTS.

Jobs openings elevated in August to eight.04 million from 7.71 million in July.

The variety of job openings (black) had been down 14% year-over-year. Quits had been down 14% year-over-year.

10:00 AM: The Q3 Housing Vacancies and Homeownership report from the Census Bureau.

—– Wednesday, October thirtieth —–

7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy purposes index.

8:15 AM: The ADP Employment Report for October. This report is for personal payrolls solely (no authorities).  The consensus is for 108,000 jobs added, down from 143,000 in September.

8:30 AM: Gross Home Product, third quarter 2024 (advance estimate). The consensus is that actual GDP elevated 3.0% annualized in Q3, unchanged from 3.0% in Q2.

10:00 AM: Pending House Gross sales Index for September. The consensus is 1.0% lower within the index.

—– Thursday, October thirty first —–

8:30 AM: The preliminary weekly unemployment claims report shall be launched. The consensus is for 230 thousand preliminary claims, up from 227 thousand final week.

8:30 AM ET: Private Earnings and Outlays for September. The consensus is for a 0.4% improve in private revenue, and for a 0.4% improve in private spending. And for the Core PCE worth index to extend 0.3%. PCE costs are anticipated to be up 2.1% YoY, and core PCE costs up 2.6% YoY.

9:45 AM: Chicago Buying Managers Index for October. The consensus is for a studying of 46.0, down from 46.6 in September.

—– Friday, November 1st —–

8:30 AM: Employment Report for October.   The consensus is for 120,000 jobs added, and for the unemployment charge to be unchanged at 4.1%.

There have been 254,000 jobs added in September, and the unemployment charge was at 4.1%.

This graph exhibits the roles added monthly since January 2021.

10:00 AM: ISM Manufacturing Index for October.  The consensus is for 47.6, up from 47.2. 

10:00 AM: Development Spending for September.  The consensus is for no change in spending.

All day: Mild automobile gross sales for October.

The consensus is for gross sales of 15.8 million SAAR, unchanged from 15.8 million SAAR in September (Seasonally Adjusted Annual Fee).

This graph exhibits gentle automobile gross sales because the BEA began conserving information in 1967. The dashed line is the present gross sales charge.