Weekly Outlook: FOMC, Jobs Report

It’s that rare week when the FOMC meeting and the jobs report come just two days apart. There shouldn’t be much drama with the Fed. The CME FedWatch tool gives a 99 percent chance that rates will stay where they are. Friday’s non-farm payrolls will likely be the week’s biggest economic news.  For commodities, it’s LME Week, the annual gathering of the global metals community in London.

Economic Calendar

 

Tuesday

FOMC Meeting Begins 8:00 AM ET

Wednesday

Treasury Refunding Announcement 8:30 AM ET

FOMC Meeting Announcement 2:00 PM ET

Thursday

New York Federal Reserve Bank President William Dudley Speech 12:20 PM ET

Atlanta Federal Reserve Bank President Raphael Bostic Speech 6:15 PM ET

Friday

Employment Situation 8:30 AM ET

Minneapolis Federal Reserve Bank President Neel Kashkari Speech 12:15 PM ET

 

Five Stories to Read:

Optimism high for metals heading into LME Week (Bloomberg)

The next Fed chair may not champion deregulation (New York Times)

Hurricanes could impact this week’s jobs report (The Street)

The 2017 U.S. corn harvest, as told through Twitter (AgWeb)

Cheese and butter futures are more popular than ever (Bloomberg)

 

 

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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