This week's economic schedule includes numerous speeches from Federal Reserve officials, totaling at least 10 appearances, while actual economic reports are limited. Market analysts will be attentive to any indications regarding future interest rates following the Fed's recent rate hike in September.

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Notable economic reports to monitor include the University of Michigan Consumer Sentiment Index, with its preliminary reading indicating a significant drop in consumer sentiment for September, driven by rising inflation concerns.

The economic calendar is as follows (all times in Eastern Time):

**Monday (9/21)**

6:30 am - Chicago Fed President Austan Goolsbee speaks

**Tuesday (9/22)**

10:05 am - New York Fed President John Williams speaks

10:20 am - Fed Vice Chair Philip Jefferson speaks

1:00 pm - Richmond Fed President Thomas Barkin speaks

**Wednesday (9/23)**

9:45 am - S&P Global Flash Services PMI (September)

9:45 am - S&P Global Flash Manufacturing PMI (September)

10:05 am - Fed Governor Michael Barr speaks

**Thursday (9/24)**

4:10 am - New York Fed President John Williams speaks

8:30 am - Weekly jobless claims (Week ending September 19)

8:50 am - Cleveland Fed President Beth Hammack speaks

10:00 am - New home sales (August)

10:10 am - Philadelphia Fed President Anna Paulson speaks

**Friday (9/25)**

5:15 am - New York Fed President John Williams speaks

8:30 am - Durable goods (August)

10:00 am - University of Michigan Consumer Sentiment Index (revised, September)

2:00 pm - Cleveland Fed President Beth Hammack speaks

The revision of the University of Michigan Consumer Sentiment Index may indicate if consumer sentiment has improved in late September. Currently, inflation concerns dominate, with expected year-ahead inflation rising to 4.6% in September, the highest level since June and significantly above the 2024 levels seen in April.