Investors returning from the Thanksgiving holiday will face a deluge of economic releases in the week ahead as Wall Street heads into the final month of 2022 and braces for the Federal Reserve’s last interest rate hike of the year.
The government’s monthly employment report, data on the housing market, a second look at GDP growth, PCE inflation, and a reading on consumer confidence are among the many highlights of a busy economic calendar in the coming days.
The Labor Department’s latest employment report, set for release at 8:30 am ET Friday morning, will highlight the schedule.
Economists expect nonfarm payrolls to rise by 200,000 last month, according to estimates from Bloomberg. If realized, the number would mark another downtrend in the labor market but reflect still-robust hiring on a historical basis.
Strong labor market readings have stoked worries that Fed officials will stay the course on aggressive rate hikes