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THE WEEK AHEAD ECONOMIC DATA RELEASE 30 SEP 2024

ADMIN || 30th September 2024

We expect a strong US data this week. We expect US NFP (Non Farm Payroll) to come at 270k for Sep, with UR (Unemployment Rate) flat at 4.2%, AHE down to 0.2% MoM & upward revisions to Aug NFP. We also expect a strong ISM services no & Aug JOLTS to come at 7800k. In Eurozone we expect headline CPI for Sep to have fallen to 1.7% from 2.2% in Aug. We now expect ECB to cut by 25 bps in it's 17th Oct meeting. We expect Fed Chair to speak along expected lines in his Monday speech at NABE.

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