The October non-farm payrolls report showed that the number of new jobs was only 12,000, a new low since 2020, far below market expectations of 106,000.

The US PCE data for September increased by 0.2% month-on-month, in line with market expectations. The core PCE annual growth rate was 2.7%, slightly higher than the expected 2.6%, mainly due to rising service prices, reflecting that inflationary pressure has not completely subsided.

The US released the September JOLTs job openings report and the CB consumer confidence report, showing a weak market.

In August, U.S. home price growth showed a slowing trend, affected by high mortgage rates and seasonal changes in demand.

The latest manufacturing index report released by the Dallas Fed showed that its index rose from -9.0 in September to -3.0 in October, but was lower than the -1 expected by analysts.

U.S. retail sales rose 0.4% in September 2024, driven by strong growth in e-commerce.

On October 11, the United States released the September PPI report. The data showed that PPI was flat globally, far from the market forecast of a 0.1% increase.

The number of initial unemployment claims in the United States has reached the highest level since August last year, and hurricanes and layoffs have seriously damaged the employment environment.

The U.S. CPI growth in September was higher than economists expected, with rising housing and food prices being the main factors.

In September, the manufacturing PMI fell to 47.0, far below analysts' expectations of 48.5, while an index below 50 indicates that the manufacturing industry is in a state of contraction.

U.S. residential starts picked up significantly in August, balancing inventory levels with improving demand and also benefiting from lower borrowing costs.

The U.S. EIA released its weekly oil report, showing that crude oil inventories fell by 1.6 million barrels, and current inventory levels are 4% below the five-year average.

Stronger-than-expected U.S. retail sales data for August could influence the Federal Reserve's decision, as strong consumer spending typically reduces the need for aggressive monetary easing.

According to the report, the NAHB Housing Market Index rose to 41 in September from 39 in August, higher than the 40 expected by analysts.

The August non-farm payrolls data confirmed the trend shown by the ADP employment data the previous day, but again fell short of market expectations.

Data showed that the annual growth rate of the PCE price index in July was 2.5%, slightly lower than market expectations; the monthly growth rate was 0.2%, in line with market expectations.

The S&P Case-Shiller Index hit an all-time high in June 2024. New York leads the pack with an annual gain of 9%. Since 1974, home price gains have outpaced inflation by 1,100%, with affordability trends varying across regions.

The report showed that consumers’ assessments of the current labor market situation continued to weaken.

JPMorgan Chase & Co. predicts the revision will be around 360,000, while Goldman Sachs thinks it could be as high as 1 million.

Bauer speaks next week, August non-farm payrolls data becomes key to rate cut!