By Mark DeCambre
It will be a week focused on the state of employment, with the November U.S. jobs report due at the end of the week and Powell and others offering their final thoughts before a media blackout period starting ahead of the Federal Open Market Committee’s final meeting of 2021 on Dec. 14-15.
See: Fed inflation worries at last meeting left wiggle room for faster tapering of bond purchases
Santa Claus rally, anyone?
What’s on the economic calendar?
Monday
A report on pending home sales at 10 a.m. Eastern Time
Tuesday
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S&P Case-Shiller home price index for September at 9 a.m.
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Chicago purchasing managers index for November at 9:45 a.m.
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Consumer confidence index for November at 10 a.m.
Wednesday
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November’s ADP employment report at 8:15 a.m.
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IHS Markit purchasing managers index final read at 9:45 a.m.
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ISM manufacturing index for November at 10 a.m.
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Construction spending for October at 10 a.m.
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Beige Book at 2 p.m.
Thursday
Weekly jobless claims report for period ended Nov. 27 at 8:30 a.m.
Friday
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November’s nonfarm-payrolls report at 8:30 a.m.
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IHS Markit nonmanufacturing reading for November at 9:45 a.m.
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ISM services report for November at 10 a.m.
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October factory orders at 10 a.m.
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Core capital goods orders updated for October at 10 a.m.
Fed speakers
Monday
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Fed Chairman Jerome Powell delivers opening remarks at 3:05 p.m. ET at the “Introducing the New York Innovation Center” event.
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Fed Gov. Michelle Bowman talks at a virtual symposium on indigenous economies hosted by the Bank of Canada, Tulo Centre of Indigenous Economics, and the Reserve Bank of New Zealand at 5:05 p.m.
Tuesday
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Powell delivers testimony in front of the U.S. Senate Committee on Banking at 10 a.m., along with Treasury Secretary Janet Yellen , about the state of the U.S. economy amid the COVID pandemic as a part of the Cares Act.
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Outgoing Fed Vice Chairman Richard Clarida speaks at 1 p.m. at an event hosted by the Federal Bank of Cleveland.
Wednesday
Outgoing Fed Gov. Randal Quarles will offer parting thoughts at an American Enterprise Institute at 11 a.m.
