Day Ahead – Top 3 Things to Watch

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Investing.com – Here are the three things that could rock the markets tomorrow.

1. Durable Goods, Income and Spending Scheduled

The economic calendar is quite busy tomorrow.

The Commerce Department will report for August at 8:30 AM ET (12:30 GMT).

Economists expect that orders for long-lasting goods fell 1.1% last month, according to forecasts compiled by Investing.com.

, which exclude autos, are predicted to have risen 0.2%.

At the same time, August numbers on personal spending and income arrive, with seen rising 0.4% and predicted to have risen 0.3%. Economists expect that personal consumption expenditures, excluding food and energy, the Federal Reserve’s favorite inflation gauge, rose 0.2% to an annual rate of 1.8%.

At 10:00 AM ET, the University of Michigan releases its final measure for September. Economists expect the index to stay at its preliminary measure of 92, up from 89.9 in August.

2. Oil Rig Count on Tap

Wrapping up a busy week in the oil market will by the Baker Hughes rig count.

That will be released at 1:00 PM ET (17:00 GMT).

The , a measure of oil production, came in at 719 for last week, down 14 from the week before and down nearly 17% from a year earlier.

3. Fed Speak Keeps Going

More Federal Reserve members will be on the speaking circuit tomorrow.

At 8:30 AM ET (12:30 GMT), Fed Vice Chairman will speak at Georgetown University in Washington on macroprudential regulation.

And at 12:00 PM ET, Philadelphia Fed President will discuss the economic outlook at an event in New York.

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