After a volatile few weeks in global financial markets, focus returns to the US labour market and central bankers in Europe.
This week brings the latest report on the US jobs market, which may sway policymakers at the Federal Reserve as they consider lifting rates. Investors will also scrutinise comments from the European Central Bank as some strategists call for additional easing.
Here’s a preview of what to expect in the coming days.
Economists project that employers added 220,000 jobs in the US in August, roughly in line with the 215,000 jobs created the previous month. The report, to be published on Friday, is also expected to show the unemployment report dipped to 5.2 per cent from 5.3 per cent.
Recent market volatility has cast a cloud over the timing of the Federal Reserve’s first rate rise since the financial crisis. Ahead of his keynote speech in Jackson Hole, Wyoming, this weekend, Stan Fischer, vice chair of the Federal Reserve told CNBC:
We have a little over two weeks before we make a decision. We have time to wait and see the incoming data. If a decision is close it will be influenced by data that’s come in recently.
European Central Bank