This week, Wall Street will face three major data releases, and the market is destined to be anything but calm.
The most closely watched are the unemployment rate and non-farm payroll data to be released on Friday. The unemployment rate is expected to remain unchanged at 4.1%, but the number of jobs is anticipated to drop sharply from the previous value of 254,000 to 120,000.
If the data decreases significantly as expected, it may trigger short-term panic in the market, but in the long run, it could prompt the Federal Reserve to accelerate interest rate cuts. Given the high previous value and the upcoming elections next week, it remains to be seen whether there will be any unexpected reversals this week.
The PCE inflation data will be released on Thursday at 8:30 PM. The market generally expects inflation to retreat, which would be a positive signal for the market. As long as inflation does not experience an abnormal rise, its impact on the market should be relatively limited.
#失业率非农数据 #PCE物价指数