Economy Week Ahead: US Jobs Report, Fed Meeting

Financial Markets, Bonds, Stock Market

Looking to the week ahead, the Fed meets to discuss monetary policy while the US October jobs report comes out and may raise or lower hopes for the outlook of the global economy.

Most experts agree the Fed will not raise rates after its two-day meeting ends Wednesday. Instead investors are looking for signs to indicate the Fed will act in December, the Wall Street Journal reports. Fed officials signaled a 25 basis point increase by the end of the year and most economists expect that jump to come in December.

On Friday the October jobs report will be released—it’s the last one before the presidential election and will give candidates data that either undermines or confirms their story on the American economy. Nonfarm payrolls are forecast to climb from last month’s 156,000 to 173,000 while the unemployment rate is expected to fall from 5% to 4.9% after holding steady for almost a year. [WSJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

'Illegitimate' Or 'Leveling The Playing Field'?: Why Habitability Cases Are Surging In Eviction Court

Walker & Dunlop Execs On Dealmaking Volatility, Data Center Risks, Housing

Hines Closes $591M Multifamily DST Offering

CBRE Leans On Data Center Business As Higher Rates Squeeze Capital Markets

Blackstone Writes Down Real Estate Values But Remains Bullish On Data Centers

Debt Flood Shrinks Bank OZK's Real Estate Book Faster Than Planned

The Governor Races And Referendums Where Housing Is On The Ballot

Trump: Data Centers 'Mandated' To Supply Own Electricity, Should Pay 'Dividend' To Communities

Making Data Center Construction Supply Chains Smarter

Amazon Ditches Ashburn Data Center Plan, Shifts To Mixed-Use Vision

Apollo To Buy Majority Stake In $2B UDR Portfolio

Harrison Street Launches Marina-Focused Investment Fund