Monday, October 30, 2017
The Business Week Ahead
October's employment report caps off a very busy week that begins with personal income & spending on Monday and the employment cost index on Tuesday. Inflation indications from both of these reports will help set the tone for the week's FOMC meeting. ADP's call for Friday's employment report followed by the sky high ISM manufacturing report will fill Wednesday morning pending the afternoon's FOMC announcement where no action is the unanimous call. On Thursday, jobless claims will focus attention on hurricane effects while productivity will focus attention on the longer term issues for the labor market. Snapback is the call for October's nonfarm payrolls, at 323,000, with the unemployment rate and average hourly earnings also possible headliners. But Friday isn't over after employment with September's trade deficit and factory orders also released.
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