Monday: Manufacturing Data Kicks Off
The week begins with the release of the final February S&P Global Manufacturing PMI and the ISM Manufacturing Index, offering fresh insights into the health of the U.S. industrial sector.
Tuesday: Fed Official Speaks
New York Fed President Williams will deliver a speech, with his comments on inflation and monetary policy potentially triggering market movements. Investors should closely watch for any shifts in tone.
Wednesday: Crude Data Meets Employment Preview
The day features API and EIA crude oil inventory reports, alongside the ADP private sector employment data, which serves as a precursor to the official nonfarm payrolls report.
Separately, Minneapolis Fed President Kashkari will share his economic outlook, which could influence expectations for future interest rate paths.
Thursday: Jobless Claims and Beige Book Release
Challenger job cut figures and initial unemployment claims data will highlight labor market resilience. The Fed will also release its Beige Book report, summarizing regional economic conditions and shaping policy outlooks.
Friday: Nonfarm Payrolls Take Center Stage
The week culminates with the release of February’s nonfarm payrolls and unemployment rate, along with January’s revised retail sales figures. Known as the 'scary data' due to its potential to shake markets, this trio is closely watched by global investors.
Saturday: Energy and Reserves Continue
The weekend wraps up with U.S. oil rig count data, reflecting energy sector activity, and China’s foreign exchange reserves update, which could impact global capital flow expectations.
- Watch Point 1: Whether Nonfarm Data Beats Estimates
- Watch Point 2: Shifts in Fed Officials’ Tone on Inflation
- Watch Point 3: Whether Oil Inventories Disrupt Supply-Demand Balance