8:00 AM – Atlanta Fed President Raphael Bostic Speaks
What’s Going On? Bostic, one of the big shots at the Fed, is giving a speech about the economy. He’s probably going to talk about why they decided to cut interest rates last week and what’s next for the economy. Basically, he’s like the teacher trying to explain why the class needs a “break” (rate cuts) after so much work (high rates).
Dumpster Cat says: “Bostic’s the guy in charge of making sure the money game doesn’t get too wild. Today, he’s gonna tell us why they gave us a little break last week—like a teacher explaining why the homework load got lighter.”
9:45 AM – S&P Flash U.S. Services and Manufacturing PMI
- Services PMI: This number tells us how well businesses like hotels, restaurants, and stores are doing. The guess is 55.4, which means they’re doing pretty well, but a little slower than last time (55.7).
- Manufacturing PMI: This number shows how busy factories are. The guess is 48.4, which isn’t great because anything below 50 means factories are slowing down. Last time, it was 47.9, so they’re still struggling.
Dumpster Cat says: “Services are still rockin’ (think of hotels and restaurants), but the factory guys? Not so much. They’re kinda limping along, like trying to skateboard with a wobbly wheel.”
10:15 AM – Chicago Fed President Austan Goolsbee Speaks
What’s Going On? Goolsbee is another important Fed guy, and he’s going to talk about why they cut rates by a half-point last week. He’ll probably tell us how they want to help people keep their jobs and why they’re worried about the economy slowing down too much.
Dumpster Cat says: “Goolsbee’s like, ‘We cut rates because we don’t want folks losing their jobs or the economy hitting a wall. We’re trying to keep things steady, like a cat walking on a fence.'”
1:00 PM – Minneapolis Fed President Neel Kashkari Speaks
What’s Going On? Kashkari is the last speaker of the day, and he’s going to talk about future rate cuts. He’ll probably say they might cut rates more slowly in the future so they don’t mess up the economy too much.
Dumpster Cat says: “Kashkari’s like, ‘We cut rates fast, but now we’re gonna slow it down, like tapping the brakes on a bike. Don’t want to flip over the handlebars, right?'”
Summary
- Bostic is telling us why they cut rates last week.
- The PMI reports show that hotels and restaurants are doing okay, but factories are having a rough time.
- Goolsbee will explain how the Fed is trying to save jobs by cutting rates.
- Kashkari says the Fed might slow down rate cuts from now on.
Dumpster Cat’s Final Thought:
“This Monday’s all about the money bosses telling us why they gave the economy a little push with rate cuts. Factories are having a bad time, but services are hanging in there. We’ll hear lots of big words, but don’t worry, just keep an eye on what these Fed guys say about the future!”
