12 hrs ago
US PMI Data and Fed Speech Shape September 23 Trading
Several important economic updates are scheduled for September 23.
The United States will publish two business activity reports.
One report covers manufacturing, such as factories making goods.
The other covers services, such as businesses providing assistance or experiences.
The manufacturing report is expected to improve slightly from its last reading.
The services report is expected to weaken from its previous reading.
Later, Federal Reserve Governor Michael Barr will give a speech.
Investors may watch these events before the trading session, but the article does not state how markets will react.
The United States will release its Flash Manufacturing PMI for September on Wednesday, September 23, at 9:45 a.m.
Manufacturing PMI is expected at 53.5, up from 53.2 previously.
Flash Services PMI will also be released at 9:45 a.m., with expectations of 55.7.
The expected Services PMI reading is below the previous release of 56.8.
Federal Reserve Governor Michael Barr is scheduled to speak at 10:05 a.m.
- Who
- The United States and Federal Reserve Governor Michael Barr.
- What
- The United States will release Flash Manufacturing PMI and Flash Services PMI data, followed by a speech from Michael Barr.
- Where
- The economic data concern the United States; the location of Michael Barr’s speech is not specified.
- When
- Wednesday, September 23; the PMI reports are scheduled for 9:45 a.m., and the speech for 10:05 a.m.
- Why
- These events are identified as key triggers to watch before the September 23 trading session.
Key facts
- Manufacturing PMI release
- September 23 at 9:45 a.m.
- Expected Manufacturing PMI
- 53.5
- Previous Manufacturing PMI
- 53.2
- Services PMI release
- September 23 at 9:45 a.m.
- Expected Services PMI
- 55.7
- Previous Services PMI
- 56.8
- Federal Reserve speech
- Governor Michael Barr at 10:05 a.m.
Sources
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