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Jobs Day | Euro-Area Inflation Decreases
Published January 4, 2019
US jobs data for December arrives this morning with expectations of 184,000 positions added. Forecasts suggest the jobless rate will hold at 3.7% with wage growth sitting at 3.0%.
Euro-area inflation dropped to 1.6% in December, which is down from the 1.9% observed in November. This fall in headline inflation is doubtful to cause any concerns for the European Central Bank as much of the move is attributed to volatile oil prices.
US Trade Representative Jeffrey Gerrish will lead a delegation to talk with Chinese counterparts this Monday. It is expected this will be followed by US Trade Representative Robert Lighthizer meeting with Chinese Vice Premier Liu He later this month.
Fed Chair Jerome Powell is scheduled to speak in Atlanta today, alongside former Fed Chairs Janet Yellen and Ben Bernanke, a few hours after the US Labor Department is to publish non-farm payroll data for the month of December.