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The US will release the Non-Farm Employment Change and FOMC Meeting Minutes this week. <\/p>\n\n\n\n
The Non-farm Employment Change is expected to show a total of 220,000 jobs added in December, down from the 263,000 jobs added in November. Forecasters also expect the Unemployment Rate to remain unchanged at 3.7%. <\/p>\n\n\n\n
Meanwhile, the Minutes from the Federal Open Market Committee will shed further light on policy intentions going forward.<\/p>\n\n\n\n
Here are the key market events for the week ahead:<\/p>\n\n\n\n
Swiss Consumer Price Index (4 January)<\/strong><\/p>\n\n\n\n The Consumer Price Index in Switzerland stood at 0% in November of 2022, unchanged from the previous month. <\/p>\n\n\n\n Analysts expect the index to decrease by 0.3% in December.<\/p>\n\n\n\n US ISM Manufacturing PMI (4 January)<\/strong><\/p>\n\n\n\n The US Institute for Supply Management’s Manufacturing Purchasing Managers Index fell to 49 in November 2022 from 50.2 in October, its first contraction since May 2020.<\/p>\n\n\n\n Analysts expect the index to remain at 49.<\/p>\n\n\n\n US JOLTS Job Openings (4 January)<\/strong><\/p>\n\n\n\n US job openings dropped by 353,000 to 10.3 million in October 2022, according to the JOLTS report. This may indicate that demand for workers has started to slow amid a softer economic forecast and higher interest rates.<\/p>\n\n\n\n Analysts expect that the number of available jobs will decrease more in November to 10.1 million.<\/p>\n\n\n\n FOMC Meeting Minutes (5 January)<\/strong><\/p>\n\n\n\n In its last monetary policy meeting of 2022, the Federal Reserve raised the fed funds rate by 50bps to 4.25%-4.5%. This was its seventh consecutive rate hike.<\/p>\n\n\n\n The Fed expects that interest rates would reach 5.1% in 2023, 4.1% in 2024, and 3.1% in 2025.<\/p>\n\n\n\n ADP Non-Farm Employment Change (5 January)<\/strong><\/p>\n\n\n\n The US private sector added only 127,000 jobs in November of 2022, below economists’ expectations.<\/p>\n\n\n\n Economists expect ADP Non-Farm to create another 150,000 jobs in December.<\/p>\n\n\n\n Canada Employment Change (6 January)<\/strong><\/p>\n\n\n\n In November 2022, 10,100 jobs were added to the Canadian economy, while the unemployment rate stood at 5.1%, decreasing from the previous month’s rate of 5.2%.<\/p>\n\n\n\n Analysts predict that employment will grow by an additional 60,000 positions over the next month, with the unemployment rate to stand at 5.2%.<\/p>\n\n\n\n US Non-Farm Employment Change (6 January)<\/strong><\/p>\n\n\n\n The US non-farm payrolls report for November showed an increase of 263,000 jobs following a downwardly revised 284,000 gain in October. The unemployment rate was unchanged at 3.7%, close to September’s 3.5%.<\/p>\n\n\n\n Analysts expect the unemployment rate to remain unchanged at 3.7% while non-farm payrolls will increase by 220,000 for December.<\/p>\n\n\n\n US ISM Services PMI (6 January)<\/strong><\/p>\n\n\n\n The US Institute for Supply Management’s Services Index jumped to 56.5 in November from 54.4 in October. It is expected to decline slightly to 53 in December.<\/p>\n","protected":false},"excerpt":{"rendered":" The US will release the Non-Farm Employment Change and FOMC Meeting Minutes this week. The Non-farm Employment Change is expected to show a total of 220,000 jobs added in December, down from the 263,000 jobs added in November. Forecasters also expect the Unemployment Rate to remain unchanged at 3.7%. Meanwhile, the Minutes from the Federal Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":7924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-8680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts\/8680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/comments?post=8680"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/posts\/8680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/media\/7924"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/media?parent=8680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/categories?post=8680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/bm\/wp-json\/wp\/v2\/tags?post=8680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}