8:30 AM – Initial Jobless Claims (Sept 21)
What’s Going On? This number shows how many people are asking for help because they lost their jobs. Last time, it was 219,000 people. This time, they expect it to be a bit higher at 223,000.
Dumpster Cat says: “Looks like a few more folks might be heading to the job market snack bar this week. Nothing too crazy, but it’s like when a couple extra people line up for free pizza!”
8:30 AM – Durable Goods Orders (August)
What’s Going On? Durable goods are stuff like cars and big appliances—things that last a long time. Last time, they went up by a whopping 9.8%, but this time they’re expected to drop by 3%. So, people might be buying fewer big things now.
Dumpster Cat says: “Last month, everyone was splurging on shiny new toys (cars and stuff), but this month it looks like they’re holding onto their wallets a bit tighter. Maybe saving up for something else!”
8:30 AM – Durable Goods Orders (Minus Transportation)
What’s Going On? This is the same as above, but without counting transportation stuff like cars. Last time, it dropped 0.2%, and this time we’ll see if people are still buying less of the other big items.
Dumpster Cat says: “Without counting cars, it’s like checking how many people are buying everything else at the store. It wasn’t great last time, and we’ll see if it stays that way.”
8:30 AM – GDP (Second Revision for Q2)
What’s Going On? This is a look at how much the economy grew in the second quarter of the year (April to June). Last time, it was up 3%, but now they think it’s actually closer to 2.9%. A small change, but still important.
Dumpster Cat says: “The economy grew, but not as much as we thought. It’s like thinking you were gonna get an A on your test, but ending up with an A-minus—not bad, just a little lower than expected!”
9:10 AM – Federal Reserve Governor Adriana Kugler and Boston Fed President Susan Collins Speak
What’s Going On? Kugler and Collins will talk about the economy and what the Fed’s next moves could be. They’ll likely discuss if more rate cuts are coming or if they’re going to keep things steady.
Dumpster Cat says: “Double trouble with these two speaking together! They’ll let us know if more money moves are on the way or if they’re just gonna sit back and watch for now.”
9:15 AM – Federal Reserve Governor Michelle Bowman Speaks
What’s Going On? Bowman is up next, and she’ll talk about the same stuff—interest rates, inflation, and how the Fed is trying to balance everything. Everyone will be listening closely to see if she hints at any big changes.
Dumpster Cat says: “Bowman’s got the mic now, and she’s gonna spill the beans on what’s next for the economy. Will we get more rate cuts, or are we stuck with what we’ve got? Stay tuned!”
Summary
- Jobless Claims: A few more people might lose their jobs this week, but nothing too wild.
- Durable Goods: People are probably buying fewer big things like cars this month.
- GDP Revision: The economy grew, but not quite as much as we thought earlier.
- Fed Speeches: Three big bosses from the Fed will talk about the economy—pay attention because they might hint at future changes!
Dumpster Cat’s Final Thought:
“Thursday’s got some big money moves coming up—fewer jobs, fewer big purchases, and some important talks from the Fed. But the real question is: are we gonna see more rate cuts, or is the Fed just gonna sit back and watch? Tune in, it’s gonna be a ride!”
