As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Wednesday, November 27, 2024. The day’s lineup includes key reports on GDP, durable goods orders, initial jobless claims, PCE price index, and pending home sales, all of which have the potential to influence market sentiment and Federal Reserve policy expectations.
Major Economic Events to Watch:
• 8:30 AM ET: GDP (Q3) – Second estimate, forecast 2.8%, previous 3.0%
• 8:30 AM ET: Durable Goods Orders (Oct), forecast -0.8%, previous 0.0%
• 8:30 AM ET: Initial Jobless Claims, forecast 220K, previous 213K
• 10:00 AM ET: Core PCE Price Index (Oct), forecast 0.3%, previous 0.3%
• 10:00 AM ET: Pending Home Sales (Oct), forecast -2.1%, previous 7.4%
• 10:30 AM ET: EIA Crude Oil Inventories, previous 0.545M
Other Important Economic Events to Watch:
• 8:30 AM ET: Core PCE Prices (Q3), forecast 2.20%, previous 2.80%
• 8:30 AM ET: GDP Price Index (Q3), forecast 1.8%, previous 2.5%
• 8:30 AM ET: Core Durable Goods Orders (Oct), forecast 0.4%, previous 0.5%
• 8:30 AM ET: Retail Inventories Ex Auto (Oct), previous 0.2%
• 8:30 AM ET: Goods Trade Balance (Oct), forecast -$101.60B, previous -$108.23B
• 8:30 AM ET: Personal Spending (Oct), forecast 0.4%, previous 0.5%
• 8:30 AM ET: Continuing Jobless Claims, previous 1,908K
• 9:45 AM ET: Chicago PMI (Nov), forecast 44.9, previous 41.6
• 10:00 AM ET: PCE Price Index (Oct), forecast 0.2%, previous 0.2%
• 1:00 PM ET: 7-Year Note Auction, previous 4.215%
Other Economic Events to Watch:
• 7:00 AM ET: MBA Mortgage Applications, previous 1.7%
• 8:30 AM ET: Real Consumer Spending (Q3), forecast 3.7%, previous 2.8%
• 8:30 AM ET: GDP Sales (Q3), forecast 3.0%, previous 1.9%
• 8:30 AM ET: PCE Prices (Q3), forecast 1.5%, previous 2.5%
• 8:30 AM ET: Durables Excluding Defense (Oct), previous -1.1%
• 8:30 AM ET: Goods Orders Non Defense Ex Air (Oct), forecast 0.5%, previous 0.2%
• 8:30 AM ET: Corporate Profits (Q3), previous 3.5%
• 8:30 AM ET: Personal Income (Oct), forecast 0.3%, previous 0.3%
• 8:30 AM ET: Jobless Claims 4-Week Avg., previous 217.75K
• 8:30 AM ET: Wholesale Inventories (Oct), forecast -0.1%, previous -0.2%
• 9:00 AM ET: Dallas Fed PCE (Oct), previous 1.70%
• 10:00 AM ET: Real Personal (Oct), previous 0.4%
• 10:00 AM ET: Pending Home Sales Index (Oct), previous 75.8
• 11:30 AM ET: 4-Week Bill Auction, previous 4.530%
• 11:30 AM ET: 8-Week Bill Auction, previous 4.480%
• 12:00 PM ET: Natural Gas Storage, forecast -4B, previous -3B
For further information and the latest updates, please refer to our Economic Calendar, here.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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