A look at some of the key business happenings and economic indicators upcoming this week 😛 TAGEND

CONFIDENCE REBOUND?

Economists expect that Americans’ confidence in the economy perked up in October after dipping the previous month.

The Conference Board’s consumer confidence index stole to 119.8 in September, when Hurricanes Harvey and Irma made desolation in Florida and Texas. Even with the worsen, the September reading evidenced consumers stood positive overall. The Conference Board releases its October consumer confidence index on Tuesday.

Consumer confidence, monthly 😛 TAGEND

May 117.6

June 117.3

July 120

Aug. 120.4

Sept. 119.8

Oct.( est .) 121

Source: FactSet

EYE ON THE FED

Federal Reserve officials gave an economic and interest rate programme update Wednesday.

The remarks will follow a two-day meet of the central bank’s policymakers. At their last gather in September, Fed bureaucrats announced the Fed would begin shrivelling its $4.5 trillion portfolio of attachments. The central bank too left its key short-term charge unchanged but hinted at one more hike this year, most probably in December.

Economists predict hiring in the U.S. rebounded in October after rejecting sharply the previous month.

They expect the Labor Department to report Friday that nonfarm boss added 310,000 jobs in October. That would represent a sharp-worded backlash from September, when the economy failed 33,000 professions after Hurricanes Harvey and Irma thumped Texas, Florida and other Southeastern states.

Nonfarm payrolls, monthly change, seasonally adjusted 😛 TAGEND

May 145,000

June 210,000

July 138,000

Aug. 169,000

Sept. -3 3,000

Oct.( est .) 310,000

Source: FactSet

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