Durable goods orders, Atlanta Fed GDPNow data due Monday

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Monday, August 26, 2024. The spotlight will be on the Durable Goods Orders report, which offers insights into manufacturing sector health and consumer spending trends. Additionally, the Atlanta Fed’s GDPNow estimate will provide a real-time forecast of economic growth, potentially influencing market sentiment and Federal Reserve policy expectations.

Major Economic Events to Watch

• 8:30 AM ET – Durable Goods Orders (Jul): Expected 4.0%, Previous -6.6%. Measures change in total value of new orders for long-lasting manufactured goods.

Other Important Economic Events to Watch

• 8:30 AM ET – Core Durable Goods Orders (Jul): Expected 0.0%, Previous 0.5%. Excludes transportation items for a clearer view of ordering trends.

• 10:30 AM ET – Atlanta Fed GDPNow: Previous 2.0%. Provides a running estimate of real GDP growth based on available economic data.

Other Economic Events to Watch

• 8:30 AM ET – Durables Excluding Defense: Previous -7.2%. Indicates future industrial output and production requirements.

• 8:30 AM ET – Goods Orders Non Defense Ex Air: Previous 1.0%. Focuses on nondefense capital goods orders excluding aircraft.

• 10:30 AM ET – Dallas Fed Mfg Business Index: Previous -17.5. Assesses state factory activity in Texas.

• 11:30 AM ET – 3-Month Bill Auction: Previous 5.055%. Reflects short-term government borrowing costs.

• 11:30 AM ET – 6-Month Bill Auction: Previous 4.770%. Indicates medium-term government borrowing rates.

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

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