The December employment report out Friday will provide another important data point for Federal Reserve (Fed) policymakers looking for more signs of softening to help fight inflation. December payrolls are projected to have increased by 200,000, a deceleration from prior months but likely still too strong for Fed Chair Jerome Powell.
Other key economic releases this week include the Institute for Supply Management manufacturing Purchasing Managers’ Index (PMI) data out Wednesday and services PMI data out Friday. 1 Investors will also be looking for clues about the path of future rate hikes in the Fed’s December meeting minutes released on Wednesday.
Also, please stay tuned for our much anticipated upcoming releases, 2022 Economic and Market Review and 2023 Capital Markets Outlook, as you navigate these interesting times.
1Source: MarketWatch- This Week's Major U.S. Economic Reports & Fed Speakers; as of 1/3/23
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