Home / Economic News / WEEK 37 (September 7-11): Forthcoming economic news-releases

WEEK 37 (September 7-11): Forthcoming economic news-releases

Signs received from US labor market are contradictory. Despite the unemployment rate was better than expected (5.1% versus 5.2% expected), the quantity of new jobs falling short against estimates. At the same time the average hourly earnings are raised. All of this making the expected rate hike unclear. Perhaps, the events of the next week will bring clarity.

On Wednesday, at 14:00 we are waiting information from Bank of Canada about overnight rate. Analysts expect the BOC will maintain rates this time.

Later, at 21:00 Reserve Bank of New Zealand will issue their decision on interest rates and commentary about the economic conditions that influenced their decision. Economists forecast rate cut down to 2.75% this month.

On Thursday, at 1:30 Australian Employment Change and Unemployment Rate will be announced. Small decrease in unemployment rate (down to 6.2%) is expected.

At 11:00 we will get information from Bank of England regarding Official Bank Rate and Monetary Policy Committee votes breakdown. No changes are expected. Neither in rate, nor in quantity of Committee members voted to hold the rate.

At 12:30 info from US labor market will arrive. We are awaiting first time Unemployment Claims from US Department of Labor.

On Friday, at 12:30 Producer Price Index from US will be released.

And finally, at 14:00 University of Michigan will release results of their monthly consumer survey (Preliminary Consumer Sentiment).

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