According to Wu's report, this week's macro indicators and analysis: Last week, the US second quarter GDP was slightly higher than expected, PCE was in line with expectations, and the attitude of Federal Reserve officials generally expected another 50 basis points cut in interest rates this year; this week's focus is on the US September unemployment rate and non-farm employment data.
This week's key events & indicators:
September 30: 2024 FOMC voting member and Atlanta Fed President Bostic speaks on the economic outlook (20:00)
October 1: Federal Reserve Chairman Powell delivered a speech at the National Association for Business Economics (01:00); the Bank of Japan released a summary of the opinions of the review committee members of the September monetary policy meeting (07:50); the US September ISM manufacturing PMI (22:00)
October 02: U.S. ADP employment in September (10,000 people) (20:15)
Number of initial jobless claims in the United States from October 3 to September 28 (10,000 people) (20:30)
October 04: U.S. unemployment rate in September (20:30); U.S. seasonally adjusted non-farm payrolls in September (10,000 people) (20:30).
