Wall Street returned to work on Friday after the Thanksgiving holiday. What a week! Friday’s jobs report is the highlight. Fed policymakers are eager to see more signs of inflationary pressures decreasing and less tightness on the labour market.
There’s a whole host of other data due next week as well including the core PCE price index – the Fed’s preferred inflation measure – GDP, income, spending, jobless claims, and more. We’ll also hear from Fed policymakers throughout the week including Chair Jerome Powell on Wednesday.
It was a busy week in Europe with a plethora key economic data and ECB policymaker appearances. The commentary will give an important insight into the committee’s stance, and 75 additional basis points are being heavily priced in. This is why the flash CPI announcement on Wednesday is worth your attention.
The UK has repaired some of its tarnished reputation in recent weeks but the economy is still likely in recession and it won’t be an easy road back. There isn’t much data next week to support or refute that but there are appearances from various BoE policymakers that will be…