Morning Traders!
It is Thursday the 6th of October, here are some things to look out for today.
Sentiment
The dollar is little changed on the day, while Treasuries fell across the curve, as traders await the US payrolls report to assess the labor market's health following soft private data earlier this week.
While economists expect job growth to slow to 170k in September, market participants anticipate a 190k increase, according to data compiled by wire services.
For a designated Nonfarm Payrolls prep article, CLICK HERE
Powell has been frantically attempting to break Americans' borrowing and spending habits for the past 18 months. It is critical in his battle against inflation. CEOs and CFOs across the country, however, aren't getting the message.
Docket
08:30 AM ET
US Employment Data for September
Nonfarm Payrolls - Median Forecast: 170K | Prior: 187K | Range: 250K / 90K
Unemployment Rate - Median Forecast: 3.7% | Prior: 3.8% | Range: 3.9% / 3.6%
US Average Earnings for September
YoY - Median Forecast: -4.3% | Prior: 4.3% | Range: 4.4% / 4.2%
MoM - Median Forecast: 0.3% | Prior: 0.2% | Range: 0.4% / 0.2%
Canadian Employment Data for September
Employment Change - Median Forecast: 20K | Prior: 39.9K | Range: 55K / 5K
Unemployment Rate - Median Forecast: 5.6% | Prior: 5.5% | Range: 5.7% / 5.5%
3:00 PM ET
US Consumer Credit for August
Median Forecast: 11.7B | Prior: 10.399B | Range: 18.4B / 10B
Speakers
12:00 PM ET
Fed's Waller participates in a moderated discussion about the payments system at a Brookings Institution event. No text but a Q&A with the audience and moderator.
