This week, several significant economic data releases are expected to influence market movements. On Monday, the November ISM Manufacturing PMI data will be released, followed by a speech from Fed Chair Powell. Tuesday will see the release of September's JOLTS Job Openings data.
Wednesday is packed with the November ADP Nonfarm Employment data, November S&P Global Services PMI data, and November ISM Non-Manufacturing PMI data. Thursday will feature the Initial Jobless Claims data, while Friday will conclude the week with September's PCE Inflation data and December's MI Consumer Sentiment data. Among these, the PCE Inflation data is likely to have a significant impact on market sentiment, as it is closely watched by the Federal Reserve for monetary policy decisions.
Key Economic Data Releases to Watch This Week
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