Central bank policy and employment data among week’s key data releases
WEEKLY MARKET COMMENTARY |
Key economic data across the industrialized world this week will include an employment update in the United States and central bank policy decisions by the European Central Bank, Bank of England and Bank of Canada.
In the United States, the private sector has generated more than one million jobs during the past three months, which is the best pace since the Clinton era technology-driven economic boom. In addition, fresh data on personal income and spending, national manufacturing conditions, demand for services and total vehicle sales all will be published this week.
Along with the heavy slate of central banking policy decisions this week, there will be a large number of current and former Federal Reserve officials addressing investors and the public. Fed Chair Janet Yellen speaks on Regulation Tuesday, Chicago Fed President Charles Evans and Federal Open Market Committee Governor Esther George will talk monetary policy on Wednesday. San Francisco Fed President John Williams speaks on Thursday and Dallas Fed President Richard Fisher will speak on both Wednesday and Friday.