1 day ago
Markets Watch Jobs, Factory Orders Ahead of Fed Beige Book
Markets are waiting for three important pieces of information about the economy.
One report will estimate how many jobs were added in August.
Another will show whether factories received more orders in July.
The Federal Reserve will also publish its Beige Book.
This book describes economic conditions in different parts of the country.
Investors will use all three updates to understand whether the economy is getting stronger or weaker.
The information may help indicate what the Federal Reserve could consider at its next meeting.
The releases are scheduled before and during the September 2 trading session.
The ADP National Employment Report for August is due at 8:15 AM.
Economists expect 47,000 jobs were added in August, up from 44,000 in July.
July Factory Orders are projected to rise 0.7% after falling 0.3% previously.
The Federal Reserve will release its Beige Book at 2:00 PM.
The data will offer clues about hiring, manufacturing demand and the economic outlook before the Fed’s next policy meeting.
- Who
- Investors, economists and the Federal Reserve are involved.
- What
- Markets will assess August employment, July Factory Orders and the Federal Reserve’s Beige Book.
- Where
- The data concern the American economy and conditions across Federal Reserve districts.
- When
- The releases are scheduled this week before and during the September 2 trading session: 8:15 AM, 10:00 AM and 2:00 PM.
- Why
- The releases may provide fresh clues about hiring, manufacturing demand and the broader economic outlook before the Federal Reserve’s next policy meeting.
Key facts
- Employment release
- ADP National Employment Report for August
- Expected job growth
- 47,000 jobs, compared with 44,000 the previous month
- Factory Orders timing
- July data due at 10:00 AM
- Factory Orders forecast
- A 0.7% increase, following a 0.3% decline
- Beige Book timing
- Federal Reserve release scheduled for 2:00 PM
- Policy relevance
- The releases come ahead of the Federal Reserve’s next policy meeting
Sources
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