The Economic Week Ahead: September 23-27

This week's economic indicators should confirm our view that the Fed cut the federal funds rate (FFR) by 50bps (rather than 25bs) last week just as the economy is rebounding from its recent soft patch. Fed Governor Chris Waller's Friday comments on CNBC suggest even previously hawkish FOMC members are now onboard Chair Jerome Powell's easing train.

Meanwhile, regional manufacturing surveys (Tue & Thu) could signal the goods-producing sector is entering an upswing after its stagnation over the past three years. Consumer sentiment indicators (Tue & Fri) might have rebounded in September, which would counter concerns over the labor market and consumer balance sheets.