Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Another Fed Rate Hike Looks Possible

Markets are set to watch a heavy macro calendar in the week starting Sept. 28, with U.S. jobs data leading the list as investors assess whether the Federal Reserve could deliver a second consecutive rate hike. Nonfarm payrolls for September arrive Friday and come after August’s strong labor figures and ahead of a potential Fed decision at its next meeting. Money markets have priced about a 64% chance of a back-to-back increase on Oct. 28, according to LSEG. Analysts also point to JOLTS, ADP, weekly jobless claims and PCE inflation, while Europe focuses on eurozone inflation and Asia on China’s PMI and an Australian central bank decision.