⚠️3 Things to Watch This Week: -Fed Rate Hike -U.S. Jobs Report -More Earnings 👉 🇺🇸🇺🇸 $DIA $SPY $QQQ $IWM $VIX
Investing.com -- The Federal Reserve and the Bank of England are all but certain to deliver jumbo 75-basis-point rate hikes on Wednesday and Thursday, respectively, as the battle against sky-high inflation continues. But with investors now on the lookout for signs that aggressive monetary tightening could start to slow, Friday’s U.S. jobs report for October and Monday’s Eurozone inflation report will be in the spotlight.
Financial markets are currently pricing in a smaller 50-basis-point rate hike at the Fed’s December meeting and another 50 basis points over the first two meetings of next year. But betting on a less hawkish Fed has been a risky strategy so far this year. Stocks have repeatedly rebounded from lows amid hopes for a so-called Fed pivot, only to be pressured lower again by persistently high inflation and aggressive monetary tightening.report will be key in helping investors set expectations ahead of the central bank’s December meeting.
Analysts are expecting the Labor Department to report that the U.S. economy added 200,000 jobs last month, compared with 263,000 in September, while annual growth in average hourly earnings is also expected to moderate.increased solidly in the third quarter, but private sector wage growth slowed considerably, indicating that inflation had either peaked or was close to doing so.
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