• Fed Chair Jerome Powell’s Monday speech could provide insights into future U.S. monetary policy.

  • Tuesday and Wednesday will bring critical employment data, including the ISM Manufacturing and ADP Nonfarm Employment reports.

  • The September Jobs Report on Friday will be closely watched for its impact on Federal Reserve policy decisions.

This week holds many important events and data releases that will impact financial markets. As the United States is getting set to wrap up September and shift into the fourth quarter.

Jerome Powell's address opens our week.

The biggest speech of this week comes from Federal Reserve Chief Jerome Powell on Monday. At the National Association for Business Economics., Powell will discuss the future trajectory of the U.S. economy.

His feedback could reveal important aspects of future monetary approaches, especially as interest rates are forecast to rise this year, as noted by The Kobeissi Letter, an industry commentary on the global capital markets. 

https://twitter.com/KobeissiLetter/status/1840379796343181681 Key Economic Data Released Mid-Week

Attention will then turn to Tuesday's September ISM Manufacturing and JOLTs Jobs report. The former is an important indicator of the health of the US manufacturing sector, while the latter will give a snapshot of job openings and demand for labour, further highlighting to analysts the strength of the labour market.

The ADP Nonfarm Employment report will get released on Wednesday. A report from the private sector acts as an early sign for the official job figures that will follow later this week. On Wednesday the spotlight focuses on the October OPEC Meeting regarding oil production and pricing strategies.

Jobless Claims and Employment Data Rounds Out the Week

On Thursday, the U.S. will release its Initial Jobless Claims report, offering an updated look at the labour market by measuring the number of Americans filing for unemployment benefits. This report is particularly relevant as it shows the current state of employment and potential economic challenges.

The week concludes with the much-anticipated September Jobs Report, due on Friday. This report, which includes Nonfarm Payrolls and the Unemployment Rate, will provide a comprehensive overview of the U.S. labour market. As the Federal Reserve continues to monitor employment data to guide policy decisions, the outcome of this report could have market implications.

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