Weekly Call With Jose de Haro: Market Wrap October 30th 2016

cropped-cropped-cropped-cropped-img_4110.jpg

The November FOMC meeting and the October employment report headline a full economic data calendar this week. As for now we should  not expect the Fed to hike interest rates at the conclusion of its meeting on Wednesday, but to signal its strong intention to do so at the December 14 gathering.

In addition to Friday’s employment report, there are several important data series for policymakers to mull over; personal income and spending and the Chicago PMI (Monday), the manufacturing ISM, construction spending and unit motor vehicle sales (Tuesday), ADP employment (Wednesday), Q3 productivity and the non-manufacturing ISM (Thursday), as well as the international trade balance (Friday). These reports should reflect an economy that continues to muddle along at around a 2% growth rate.

Music used on podcast: http://www.bensound.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s