Consumer confidence and Powell testimony headline Tuesday’s events

As traders approach another pivotal day for financial markets, Tuesday, June 24, 2025, brings a series of crucial decisions and economic data releases that could sway market dynamics. The CB Consumer Confidence report and Federal Reserve Chair Jerome Powell’s testimony before the Joint Economic Committee stand out as the day’s most significant events, potentially offering insights into consumer sentiment and monetary policy direction.

Major Economic Events to Watch:

• 10:00 AM ET: CB Consumer Confidence (Forecast:99.1, Previous: 98.0) - A key indicator of consumer spending intentions and economic optimism.

• 10:00 AM ET: Fed Chair Powell Testifies - Powell’s remarks on economic outlook and monetary policy actions could impact market sentiment.

Other Important Economic Events to Watch:

• 8:30 AM ET: Current Account (Forecast:-$444.0B, Previous: -$303.9B) - Measures the difference in value between exported and imported goods and services.

• 9:00 AM ET: S&P/CS HPI Composite-20 n.s.a. (Forecast:4.2%, Previous: 4.1%) - Tracks changes in residential real estate prices across 20 metropolitan regions.

• 12:00 PM ET: 2-Year Note Auction (Previous:3.955%) - Indicates investor demand for short-term government debt.

• 12:30 PM ET: FOMC Member Williams Speaks - May provide additional insights into Fed policy considerations.

• 4:00 PM ET: Fed Vice Chair for Supervision Barr Speaks - Could offer perspective on banking regulation and supervision.

• 4:30 PM ET: API Weekly Crude Stock (Previous:-10.133M) - Provides an overview of U.S. petroleum demand and inventories.

Other Economic Events to Watch:

• 8:55 AM ET: Redbook (Previous:5.2%) - Measures same-store sales growth in large U.S. general merchandise retailers.

• 9:00 AM ET: S&P/CS HPI Composite-20 n.s.a. (Previous:1.1%) - Year-over-year change in the 20-city composite home price index.

• 9:00 AM ET: House Price Index (Previous:3.7%) - Reflects average change in U.S. single-family home prices.

• 9:00 AM ET: Monthly Home Price Index (Previous:436.6) - Tracks changes in single-family home values across the U.S.

• 9:00 AM ET: S&P/CS HPI Composite - 20 s.a. (Previous:-0.1%) - Seasonally adjusted version of the 20-city composite home price index.

• 9:00 AM ET: House Price Index (Forecast:0.1%, Previous: -0.1%) - Month-over-month change in U.S. home prices.

• 10:00 AM ET: Richmond Services Index (Previous:-11) - Measures business activity in the services sector for the Fifth Federal Reserve District.

• 10:00 AM ET: Richmond Manufacturing Index (Forecast:-7, Previous: -9) - Indicates manufacturing conditions in the Fifth Federal Reserve District.

• 10:00 AM ET: Richmond Manufacturing Shipments (Previous:-10) - Reflects changes in manufacturing shipments in the Richmond Fed district.

• 1:00 PM ET: US M2 Money Supply (Previous:$21.86T) - Measures the total money supply in the U.S. economy.

• 2:05 PM ET: Fed Collins Speaks - May provide additional perspective on monetary policy and economic conditions.

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.