Weekly Outlook: Labor Market and the Fed

 

Recent happenings abroad and in stock markets have created even greater uncertainty about when the Fed may raise rates. As we near the September meeting, the FOMC will be watching employment numbers closely. With the release of various labor market indicators, including employment situation data and Gallup’s job creation index, the week ahead will be critical in anticipating a rate hike decision.

 

Economic Calendar

Monday:

Chicago PMI 9:45 AM ET

Dallas Fed Mfg Survey 10:30 AM ET

 

Tuesday:

Motor Vehicle Sales 8:00 AM ET

PMI Manufacturing Index 9:45 AM ET

Construction Spending 10:00 AM ET

Boston Federal Reserve Bank President Eric Rosengren Speech 1:10 PM ET

 

Wednesday:

ADP Employment Report 8:15 AM ET

Productivity and Costs 8:30 AM ET

Gallup U.S. Job Creation Index 8:30 AM ET

Beige Book 2:00 PM ET

 

Thursday:

Challenger Job-Cut Report 07:30 AM ET

Chain Store Sales 8:00 AM ET

Gallup US Payroll to Population 8:30 AM ET

International Trade 8:30 AM ET

 

Friday:

Richmond Federal Reserve Bank Jeffrey Lacker Speech 8:10 AM ET

Employment Situation 8:30 AM ET

 

Links

Evaluating China’s stock market crash (Economist)

What stock market troubles can reveal about modern markets (Wall Street Journal)

There’s hope in the housing market (The Atlantic)

How economic problems in China could impact a Fed policy decision (Financial Times)

Are oil prices headed for a rebound? (Bloomberg)

U.S. reports strong GDP growth in the midst of global turmoil (New York Times)

10 reasons a stock market crash isn’t all bad (Bloomberg View)

Brazil could be the next big agricultural exporter (Agriculture)

How data supports a rate hike sooner rather than later (The Reformed Broker)

 

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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