Investors and economists are bullish that consumer spending, the US economy’s main engine, won’t deteriorate too much, which should help stocks avoid a massive sell-off this year.
The US Labor Department releases July figures on job openings, quits, hires and layoffs.
The US Commerce Department releases July data on household spending, income and the Fed’s preferred inflation gauge.
The US Labor Department reports the number of new applications for jobless benefits in the week ended Aug. 26.
Friday: The US Labor Department releases August figures on the labor market, including monthly payroll gains, wage growth, and the unemployment rate.
Persons:
“ We’re, we’ve, ” Matthew Palazzolo, we’re, We’re, ” Palazzolo, pare, It’s, Biden, Jerome Powell, Sinead Colton Grant, Anna Cooban
Organizations:
CNN Business, Bell, DC CNN, Federal Reserve, US, Bernstein Private Wealth Management, CNN, Nvidia, Research, Fed, Kansas City, San Francisco Fed, Mellon, International Monetary Fund, Global, US Labor Department, Board, US Commerce Department, National Association of Realtors, China’s National Bureau of Statistics, P Global, Institute for Supply Management
Locations:
Washington, Wells Fargo, Jackson Hole , Wyoming, American, Germany, Europe, Berlin