Monday, October 31, 2016

The Week Ahead

US report on consumer spending,  core PCE  and  Personal income

The US FOMC  holds a two-day meeting starting Tuesday. No move is expected days before the U.S. election, but the Fed could hint strongly that a December move is in the offing. Investors are currently betting on December hike.

Facebook Inc reports third-quarter results on Wednesday

Nonfarm payrolls expects to have added 175,000 in October after posting a gain of 156,000 in September. Also, the unemployment rate likely held steady at 4.9 percent in October

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