Impending Fedspeak Events and ADP Nonfarm Employment Change Expectations
Tomorrow's Market Events:
As we look forward to tomorrow, markets are on edge as they await key announcements regarding the ADP nonfarm employment change and a series of Fedspeak events from prominent Federal Reserve officials.
ADP Nonfarm Employment Change Data:
Expectation: The upcoming ADP data, with expectations of 148K versus 140K, reflects market sentiment on job growth, historically weaker than BLS data.
- In the last six months, job growth ranged from a high of 164K to a low of 89K.
- Comparatively, non-farm payrolls fluctuated between 150K and 353K.
Fedspeak Highlights:
The US session is packed with Fed speakers addressing diverse topics, from bank liquidity to economic outlook and monetary policy.
- Atlanta Fed President Bostic to speak on CNBC at 8:30 AM
- Fed Governor Bowman to discuss bank liquidity and regulation at 9:45 AM
- Fed's Powell scheduled for a speech at 12:10 PM
- Fed Governor Barr to address the Community Reinvestment Act at 1:10 PM
- Fed Governor Kugler to discuss economic outlook at an event by Washington University
In the European morning, the EU CPI flash estimate will be released, expecting a YoY estimate of 2.5% and a core rate of 3.0%.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.