🇺🇸 Key U.S. macro events on Tuesday Fed member Waller speaks. Markets will look for clues on inflation, labor market conditions, and the future path of U.S. interest rates. NFIB Small Business Index (forecast: 98.1). The index provides insight into the sentiment of U.S. small businesses, as well as their hiring plans and pricing pressures. ADP – Weekly Employment Change. Offers a current snapshot of employment trends in the U.S. private sector. Markets will closely watch for signs of further cooling in the labor market. Existing Home Sales (forecast: 3.95 million). The data provides indications of demand in the U.S. housing market and how financing costs are impacting economic activity. Fed members Barkin and Collins speak. Additional remarks from Fed officials could influence rate expectations, particularly if their assessments of inflation and employment risks diverge. Conclusion: A relatively quiet day for U.S. economic data. Focus will primarily be on statements from Fed officials and new signals from the labor market.