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⚡️Macro outlook for this week: nonfarm payrolls and PCE data take center stage, while Micron will release earnings after Wednesday's close

BlockBeats reports that September 28, the week's main macroeconomic event will be Friday's U.S. nonfarm payrolls report. The report contains three core readings—nonfarm payrolls, the unemployment rate, and average hourly earnings—which are directly linked to the Federal Reserve's rate path and represent significant employment data ahead of the October interest-rate meeting. Below are the key points the market will focus on in the new 1 week (all times Beijing time):

Wednesday 20: 15, the U.S.September ADP employment figures;

Wednesday 20: 30, the U.S.August core PCE annual inflation rate;

Thursday 16: 00, Bank of England Governor Bailey will speak;

Thursday 20: 30, U.S. initial jobless claims for the week ending September 26;

Thursday 21: 30, European Central Bank President Lagarde will speak;

Friday 20: 30, U.S.September seasonally adjusted nonfarm payrolls and unemployment rate;

Starting early Wednesday, public appearances by Federal Reserve officials will become more frequent. The 2027 voting member for FOMC year, Chicago Fed President Goolsbee, and the 2028 voting member for FOMC year, St. Louis Fed President Musalem, will speak in succession.FOMC permanent voting member, New York Fed President Williams, will deliver a keynote speech at the University at Buffalo. On Thursday, Federal Reserve Governor Cook, Minneapolis Fed President Kashkari, and Richmond Fed President Barkin will speak in succession; on Friday, Williams and Dallas Fed President Logan will also make public appearances.

U.S. equities: Micron (MU.O) will release earnings after Wednesday's close; on Thursday, Nike (NKE.N) will report its latest quarterly earnings. The two companies respectively represent the memory-chip and consumer-demand themes.

Original link https://m.theblockbeats.info/flash/369226