CPI, PMI data, and new home sales to drive markets Friday

Published 23/10/2025, 19:02
© Reuters.

As traders approach another pivotal day for financial markets on Friday, October 24, 2025, a series of crucial economic data releases are expected to sway market dynamics. Key reports including Consumer Price Index (CPI), Manufacturing and Services PMI, and New Home Sales will be in focus, potentially influencing investor sentiment and Federal Reserve policy expectations.

Major Economic Events to Watch

• 8:30 AM ET: CPI (Oct) - Expected: 0.4%, Previous: 0.4% - Measures changes in consumer prices

• 8:30 AM ET: Core CPI (Oct) - Expected: 0.3%, Previous: 0.3% - Tracks consumer prices excluding food and energy

• 8:30 AM ET: CPI (YoY) (Oct) - Expected: 3.1%, Previous: 2.9% - Annual change in consumer prices

• 8:30 AM ET: Building Permits (Sep) - Previous: 1.330M - Indicates housing market demand

• 9:45 AM ET: Manufacturing PMI (Oct) - Expected: 51.9, Previous: 52.0 - Gauges manufacturing sector activity

• 9:45 AM ET: Services PMI (Oct) - Expected: 53.5, Previous: 54.2 - Measures service sector performance

• 10:00 AM ET: New Home Sales (Sep) - Expected: 710K, Previous: 800K - Tracks new single-family home sales

Other Important Economic Events to Watch

• 8:30 AM ET: Core CPI (YoY) (Oct) - Expected: 3.1%, Previous: 3.1% - Annual change in core consumer prices

• 8:30 AM ET: Building Permits (MoM) (Sep) - Previous: -2.3% - Monthly change in building permits issued

• 9:45 AM ET: S&P Global Composite PMI (Oct) - Previous: 53.9 - Combines manufacturing and services sector data

• 10:00 AM ET: Michigan Consumer Expectations (Oct) - Expected: 51.2, Previous: 51.7 - Measures consumer outlook

• 10:00 AM ET: Michigan Consumer Sentiment (Oct) - Expected: 55.0, Previous: 55.1 - Gauges consumer confidence

• 10:00 AM ET: New Home Sales (MoM) (Sep) - Previous: 20.5% - Monthly change in new home sales

• 1:00 PM ET: Baker Hughes U.S. Rig Count - Previous: 418 - Indicates oil drilling activity

• 1:00 PM ET: U.S. Baker Hughes Total Rig Count - Previous: 548 - Total active drilling rigs

Other Economic Events to Watch

• 8:30 AM ET: Core CPI Index (Oct) - Previous: 329.79 - Tracks core consumer price levels

• 8:30 AM ET: CPI Index, s.a (Oct) - Previous: 323.36 - Seasonally adjusted consumer price index

• 8:30 AM ET: CPI Index, n.s.a. (Oct) - Expected: 325.01, Previous: 323.98 - Non-seasonally adjusted CPI

• 8:30 AM ET: CPI, n.s.a (MoM) (Oct) - Previous: 0.29% - Monthly change in non-seasonally adjusted CPI

• 8:30 AM ET: Real Earnings (MoM) (Sep) - Previous: -0.1% - Measures inflation-adjusted earnings

• 10:00 AM ET: Michigan Current Conditions (Oct) - Expected: 61.0, Previous: 60.4 - Assesses current economic conditions

• 10:00 AM ET: Michigan 1-Year Inflation Expectations (Oct) - Expected: 4.6%, Previous: 4.7% - Short-term inflation outlook

• 10:00 AM ET: Michigan 5-Year Inflation Expectations (Oct) - Expected: 3.7%, Previous: 3.7% - Long-term inflation expectations

• 11:00 AM ET: Cleveland CPI (MoM) (Sep) - Previous: 0.3% - Measures CPI for Cleveland metropolitan area

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.

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