It's A Massive Week For The US Economy — Here's Your Ultimate Preview
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This week begins the third quarter. And there are tons of crucial economic events scheduled.
But in the wake of all of this talk about the Federal Reserve reducing its stimulative bond-buying program (i.e. tapering QE), the biggest report without question will be the U.S. jobs report, which comes out on Friday.
"Most importantly, markets and the Fed are now even more highly dependent on sustained evidence that the real economy is indeed on a solid improving trends, including a consequential rise in actual and expected nominal GDP growth," said PIMCO's Mohamed El-Erian. "With that, the focus will now shift firmly to the forthcoming June jobs report; and it will be even more intensive than usual."
It's a holiday shortened week in America. But it's jobs week in America.
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