U.S. markets posted their first weekly gain in three weeks as investors repriced Federal Reserve rate expectations and monitored U.S.-Iran negotiations. The upcoming week features critical macroeconomic data that will influence the Fed's policy trajectory, headlined by the September nonfarm payrolls report and August core PCE price index on Friday and Wednesday, respectively.
A dense economic calendar also includes August JOLTS job openings, September ADP employment change, initial jobless claims, ISM Manufacturing PMI, and final Q2 GDP figures. Fed Governor Lisa Cook and Dallas Fed President Logan are scheduled to speak, providing further insight into monetary policy amid shifting market expectations.
On the corporate earnings front, Micron will report results next week, serving as a key gauge for memory chip demand and AI-related trade strength. Nike will also release quarterly earnings, offering a direct read on consumer spending trends following a week where AI-focused trades returned to market prominence.
Nonfarm Payrolls and PCE Data to Test Fed Rate Path Next Week
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