business

breaking news Consolidation is on the menu ahead of Friday’s jobs report


It’s a light on the economic calendar today. The only highlight of the data is the initial jobless claims report at the bottom of the hour. The consensus is a bump from 203K to 193K. I think the Fed would like to see that number down to 230-250K, where it was before the pandemic.

The Fed calendar includes:

  • 9:50 a.m. ET Master
  • 11:50 a.m. ET BOC’s Macklem
  • 1 p.m. ET Fed’s Cook (his first speech)
  • 5 p.m. ET Fed Waller

The clock is ticking for non-farm payrolls and, sterling weakness aside, it looks like some consolidation is on the menu.


cnbctv18-forexlive-benzinga

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button