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This week's major U.S. economic reports (October 31 - November 4)
Last edited Sun Oct 30, 2022, 07:44 AM - Edit history (1)
MarketWatch updates the schedule throughout the week, so check their site for revisions.
THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, OCT. 31
9:45 am Chicago PMI Oct. -- 45.7
TUESDAY, NOV. 1
9:45 am S&P U.S. manufacturing PMI (final) Oct. -- 52.0
10 am ISM manufacturing index Oct. -- 50.9%
10 am Jobs openings Sept. -- 10.1 million
10 am Quits Sept. -- 4.2 million
10 am Construction spending Sept. -- -0.7%
Varies Motor vehicle sales (SAAR) Oct. -- 13.7 million
WEDNESDAY, NOV. 2
8:15 am ADP employment report (level change) Oct. -- 208,000
10 am Rental vacancy rate Q3 -- 5.6%
2 pm FOMC announcement -- 3%-3.25%
2:30 pm Fed Chair Jerome Powell press conference
THURSDAY, NOV. 3
8:30 am Initial jobless claims Oct. 29 -- N/A
8:30 am Continuing jobless claims Oct. 22 -- N/A
8:30 am Foreign trade deficit Sept. -- -$67.4 billion
8:30 am Productivity (SAAR) Q3 -- -4.1%
8:30 am Unit labor costs (SAAR) Q3 -- 10.2%
FRIDAY, NOV. 4
8:30 am Nonfarm payrolls (level change) Oct. -- 263,000
8:30 am Unemployment rate Oct. -- 3.5%
8:30 am Average hourly earnings Oct. -- 0.3%
8:30 am Labor-force participation rate, ages 25-54 Oct. -- 82.7%
TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS
MONDAY, OCT. 31
9:45 am Chicago PMI Oct. -- 45.7
TUESDAY, NOV. 1
9:45 am S&P U.S. manufacturing PMI (final) Oct. -- 52.0
10 am ISM manufacturing index Oct. -- 50.9%
10 am Jobs openings Sept. -- 10.1 million
10 am Quits Sept. -- 4.2 million
10 am Construction spending Sept. -- -0.7%
Varies Motor vehicle sales (SAAR) Oct. -- 13.7 million
WEDNESDAY, NOV. 2
8:15 am ADP employment report (level change) Oct. -- 208,000
10 am Rental vacancy rate Q3 -- 5.6%
2 pm FOMC announcement -- 3%-3.25%
2:30 pm Fed Chair Jerome Powell press conference
THURSDAY, NOV. 3
8:30 am Initial jobless claims Oct. 29 -- N/A
8:30 am Continuing jobless claims Oct. 22 -- N/A
8:30 am Foreign trade deficit Sept. -- -$67.4 billion
8:30 am Productivity (SAAR) Q3 -- -4.1%
8:30 am Unit labor costs (SAAR) Q3 -- 10.2%
FRIDAY, NOV. 4
8:30 am Nonfarm payrolls (level change) Oct. -- 263,000
8:30 am Unemployment rate Oct. -- 3.5%
8:30 am Average hourly earnings Oct. -- 0.3%
8:30 am Labor-force participation rate, ages 25-54 Oct. -- 82.7%
https://www.chase.com/personal/investments/learning-and-insights/category/markets
Economic outlook
Up next for the markets: October 31 – November 4
Alex Bova
Content and Communications, J.P. Morgan Wealth Management
Oct 25, 2022 | 3 min read
• All eyes will be on the Federal Reserve this week, as it meets to determine how high interest rates should go.
• Be on the lookout for job-related data, including the JOLTs report for September and the unemployment rate for October.
“How high?” is the question investors are asking heading into the week, as the Federal Reserve meets to decide how high of another interest rate hike is necessary. Wall Street is factoring in a 75 basis point increase, which will mark the fourth consecutive rate hike. The meeting, and subsequent press conference, are scheduled for Wednesday.
This week also features plenty of job-related data. Despite the Fed’s efforts to slow down the economy and tame inflation, the job market has been resilient. Investors will be paying close attention to see if that trend is holding steady. First out of the gate is the JOLTs report for September, which tracks the number of job openings, layoffs and voluntary quits in the month. Additionally, ADP is set to release its private sector jobs report this week.
The unemployment rate for October is also due. If the job market remains strong, it could portend more rate hikes from the Fed this year. Jobless claims for the previous week will round out the week’s economic data.
{snip}
Up next for the markets: October 31 – November 4
Alex Bova
Content and Communications, J.P. Morgan Wealth Management
Oct 25, 2022 | 3 min read
• All eyes will be on the Federal Reserve this week, as it meets to determine how high interest rates should go.
• Be on the lookout for job-related data, including the JOLTs report for September and the unemployment rate for October.
“How high?” is the question investors are asking heading into the week, as the Federal Reserve meets to decide how high of another interest rate hike is necessary. Wall Street is factoring in a 75 basis point increase, which will mark the fourth consecutive rate hike. The meeting, and subsequent press conference, are scheduled for Wednesday.
This week also features plenty of job-related data. Despite the Fed’s efforts to slow down the economy and tame inflation, the job market has been resilient. Investors will be paying close attention to see if that trend is holding steady. First out of the gate is the JOLTs report for September, which tracks the number of job openings, layoffs and voluntary quits in the month. Additionally, ADP is set to release its private sector jobs report this week.
The unemployment rate for October is also due. If the job market remains strong, it could portend more rate hikes from the Fed this year. Jobless claims for the previous week will round out the week’s economic data.
{snip}