đš NEXT WEEK COULD SET THE TONE FOR OCTOBER
Five straight days. Five major US catalysts.
And each one could entirely change what the market expects from the Fed.
Monday: ISM Services PMI, expected around 55.7, with services inflation still running hot.
Tuesday: ADP employment, another major test of whether the US labor market is finally cracking.
Wednesday: FOMC minutes and markets will be looking for any sign of how aggressive the Fed could get from here.
Thursday: Jobless claims, another direct read on whether layoffs are beginning to accelerate.
Friday: Michigan inflation expectations, after 1-year expectations jumped to 4.6%.
The setup is volatile as hot inflation data keeps rate hike fears alive, while weak jobs data raises concerns that the economy is breaking. #fomc #dyor
Five straight days. Five major US catalysts.
And each one could entirely change what the market expects from the Fed.
Monday: ISM Services PMI, expected around 55.7, with services inflation still running hot.
Tuesday: ADP employment, another major test of whether the US labor market is finally cracking.
Wednesday: FOMC minutes and markets will be looking for any sign of how aggressive the Fed could get from here.
Thursday: Jobless claims, another direct read on whether layoffs are beginning to accelerate.
Friday: Michigan inflation expectations, after 1-year expectations jumped to 4.6%.
The setup is volatile as hot inflation data keeps rate hike fears alive, while weak jobs data raises concerns that the economy is breaking. #fomc #dyor
