All eyes will be on the Federal Reserve this week as the US central bank announces its next decision on interest rates on Wednesday.The Fed is expected to cut interest rates by a quarter of a percentage point.However, with fears over a recession rising in the US, investors will focus on how open the Fed appears to cutting rates further in December.
Meanwhile, on Friday, we have the monthly non-farm payrolls data in the US.This is one of the most important data releases of the month, as it gives a view of the health of the US employment market.Again, investors are keenly watching out for any sign that weakening economic growth is showing up in the jobs market.
If the pace of wage growth and employment gains slackens off, then that will make it easier for the Fed to justify cutting interest rates further.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
A cyclical case for UK stocksOpinion Depressed margins and relatively low valuations mean the UK market could rally strongly as conditions improve, says Cris Sholto Heaton.
-
Aberforth Smaller Companies Trust: a fund that lets you buy Britain on a triple discountOpinion If UK stocks return to favour, Aberforth Smaller Companies Trust, a value-focused investment trust, should perform well, says Max King
