Economics Week Ahead

This report previews upcoming U.S. labor data, central bank commentary from Chair Warsh, and economic releases for Canada, the Eurozone, and China. Wells Fargo anticipates stable U.S. labor growth and maintains a cautious outlook for global central bank policy.

Key Takeaways

• 1.U.S. nonfarm payroll growth is expected to moderate to 120K in June with the unemployment rate steady at 4.3%.
• 2.FOMC Chair Kevin Warsh is expected to emphasize structural views on central banking rather than provide near-term forward guidance.
• 3.Wells Fargo expects the Bank of Canada to remain on hold through year-end, while the ECB is expected to resume hiking in Q3.

Table of Contents

• U.S. Week Ahead
• G10 Week Ahead
• EM Week Ahead
• Required Disclosures

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