🇺🇸 Key Events This Week:
1. Monday, ISM Services PMI:
Services make up 70% of the US economy, anything above 50 shows growth is holding up.
2. Tuesday, ADP Weekly Employment Change:
Private hiring beat expectations in the latest reading, so this will show whether hiring momentum is continuing.
3. Wednesday, Mortgage Rates:
Shows how expensive it is to borrow for a home, with higher rates adding pressure on housing demand.
4. Thursday, Initial Jobless Claims:
Tracks new unemployment claims, so a sharp rise would be an early sign that layoffs are increasing.
5. Friday, Michigan Consumer Sentiment:
Shows how confident Americans feel about the economy and their expectations on inflation.
Together, these reports will reflect the overall health of the US economy.