Posted 4/1/2024, 10:02:57 AM
Key Economic Data Hits This Week As Inflation Rises But Job Market Stays Tight
- Today kicks off a big week of U.S. economic data, including Friday's non-farm payrolls report
- February's PCE inflation index rose to 2.5% annually, slightly above expectations but still seen as acceptable by Fed Chair Powell
- U.S. manufacturing activity likely contracted for the 17th straight month in March, but the index is expected to rise closer to expansion
- Tuesday's JOLTS report on labor turnover may indicate how tight the job market is ahead of the jobs report
- Wage growth in the jobs report will be key, as the Fed has little control over this indicator of inflation
