The data just keeps coming and given the Fed’s current stance even the second tier U.S. data is looking more relevant. This week though has another reading of the critical jobs data. But beginning the week, Monday has the Chicago PMI for September.
Tuesday sees the final reading of the September Markit Manufacturing PMI. August construction spending, September manufacturing ISM and vehicle sales.
Wednesday has the release of the September ADP national employment survey.
Slated for Thursday are September Challenger Layoffs, initial weekly jobless claims, August factory order and September Services ISM.
But Friday is the big day. September non-farm payrolls for September are expected to show an increase of 177,000 new jobs. The dollar will be trading heavily on the number.
Another glut of Fed speakers will also be closely watched as the Fed continues efforts to explain to investors how they see it and why they didn’t taper in September. All are late in the week.
Wednesday has Federal Reserve Bank of Boston President Eric Rosengren speaking at a luncheon in Burlington, Vermont. Audience Q&A expected but no media Q&A.
On Thursday, Federal Reserve Bank of San Francisco President John Williams speaks before the University of California San Diego Economics Roundtable in San Diego, California. Audience and media Q&As expected. In Dallas the same day, Federal Reserve Bank of Dallas President Richard Fisher participates in a discussion on the "Effects of Uncertainty on the Economic Recovery" Audience Q&A expected. Later in the day in Little Rock, Arkansas Federal Reserve Bank of Dallas President Richard Fisher gives an economic update with audience Q&A expected.
Like the data highlight, Friday is the big day for Fed speakers. Federal Reserve Bank of Dallas President Richard Fisher speaks again on the same topic as Thursday. Audience Q&A expected. In New York, Federal Reserve Bank of New York President William Dudley gives introductory remarks at a workshop. At the same event, Federal Reserve Board Governor Jeremy Stein gives a speech later in the day. Federal Reserve Bank of Richmond President Jeffrey Lacker speaks in Baltimore with audience and media Q&A on Friday. Finally Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks in Bloomington, Minnesota with audience Q&A.