Tuesday: 9:45 am: August USA S&P manufacturing PMI, expected...
Tuesday:
9:45 am: August USA S&P manufacturing PMI, expected 48.0;
10:00 am: August USA ISM manufacturing PMI, expected 47.5
Comment: Manufacturing PMI has little impact on the US economy; as analyzed before, the proportion of manufacturing in the US GDP has been declining continuously and is now less than 20%.
Wednesday:
10:00 am: August JOLTS employment report, expected 8 million new jobs
Comment: It will reflect the tightness of the labor market and provide some guidance for the unemployment rate on Friday.
Thursday:
8:15 am: August ADP non-farm employment report, expected 0.136 million jobs
8:30 am: Number of initial unemployment claims for the previous week.
9:45 am: August US S&P Services PMI, expected to be 55.2.
10:00 am: August US ISM Services PMI, expected to be 50.9.
Comment: The Services PMI will reflect the growth of the US economy. This data is negatively correlated with recession.
Friday:
8:30 am: August US nonfarm unemployment rate, expected to be 4.2%.
Comment: The nonfarm unemployment rate will be the decisive data for the Fed's interest rate cut decision. A high data will trigger recession concerns.
9:45 am: August USA S&P manufacturing PMI, expected 48.0;
10:00 am: August USA ISM manufacturing PMI, expected 47.5
Comment: Manufacturing PMI has little impact on the US economy; as analyzed before, the proportion of manufacturing in the US GDP has been declining continuously and is now less than 20%.
Wednesday:
10:00 am: August JOLTS employment report, expected 8 million new jobs
Comment: It will reflect the tightness of the labor market and provide some guidance for the unemployment rate on Friday.
Thursday:
8:15 am: August ADP non-farm employment report, expected 0.136 million jobs
8:30 am: Number of initial unemployment claims for the previous week.
9:45 am: August US S&P Services PMI, expected to be 55.2.
10:00 am: August US ISM Services PMI, expected to be 50.9.
Comment: The Services PMI will reflect the growth of the US economy. This data is negatively correlated with recession.
Friday:
8:30 am: August US nonfarm unemployment rate, expected to be 4.2%.
Comment: The nonfarm unemployment rate will be the decisive data for the Fed's interest rate cut decision. A high data will trigger recession concerns.
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