Morning, Traders!
Happy Friday! It is the 1st of December, here are some things to look out for today.
Sentiment
The dollar fell against the majority of G-10 currencies, while Treasuries remained unchanged as investors await Federal Reserve Chair Jerome Powell's speech for clues on the outlook for US interest rates.
The US ISM manufacturing data, as well as the manufacturing PMI reading, will be released later on today.
The long-awaited economic slowdown in the United States has begun: After defying expectations all year and splurging over the summer, there are signs that American households are beginning to pull back.
This week, Federal Reserve officials shifted their tone, moving closer to the debate that markets have long been having: When will the central bank begin cutting interest rates?
Docket
08:30 ET
Canadian Employment Data for November
Employment Change - Median Forecast: 14K | Prior: 17.5K | Range: 51.9K / -5K
Unemployment Rate - Median Forecast: 5.8% | Prior: 5.7% | Range: 5.9% / 5.7%
09:45 ET
US S&P Manufacturing PMI November Final
Median Forecast: 49.5 | Prior: 49.4 | Range: 49.6 / 46.7
10:00 ET
US ISM Manufacturing PMI for November
Median Forecast: 47.8 | Prior: 46.7 | Range: 52 / 46.2
Speakers
10:00 ET
Chicago Fed President Austan Goolsbee speaks in a moderated Q&A at the bank's Economic Policy Symposium.
Text: No.
Q&A: Yes, with moderator.
Register Here
11:00 ET
Fed Chair Powell will visit Spelman College, in Atlanta, Georgia, to participate in a fireside chat with Spelman College President Helene D. Gayle.
Text: Yes.
Q&A: Yes, from moderator.
Watch Live
14:00 ET
Fed Chair Powell and Governor Cook will hear from local leaders in the tech innovation and entrepreneurship community at Spelman College.
Text: No.
Watch Live
