Week Ahead: Action Packed End To Summer – Investing.com
- Date: 29-Aug-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:UAE
Week Ahead: Action Packed End To Summer – Investing.com
Now that Jackson Hole is over, the focus shifts back onto the economic recovery. Investors will pay close attention to every data point that can give possible insights into the labor market recovery and if pricing pressures continue to heat up. A quicker trajectory towards substantial progress in the labor market could trigger a quicker tapering of asset purchases.
The August report is expected to deliver a robust 787,000 jobs, which would be less than the prior month’s 943,000 reading, but still complementing the path towards formally announcing tapering.
Inflationistas will keep a close eye on Wednesday’s ISM report, which could show input costs remain at elevated levels, while inventories continue to contract. The is expected to soften from 59.5 to 58.7.
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