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What to Watch: Business as Usual

US TSYS
  • No delay in economic data this week after Congress passed a stopgap funding bill Saturday evening that will keep Federal agencies open through November 17, 2023.
  • Today's focus is on S&P Global US Mfg PMI at 0945ET, followed by Construction Spending and ISMs at 1000ET. Main focus is on Friday's September employment data, current estimate at +165k vs. +187k prior.
  • Scheduled Fed speakers kicks off with Fed Chair Powell, Philly Fed Harker at moderated roundtable with workers, small business owners and community leaders in York, Penn, at 1100ET. NY Fed Williams moderates a climate risk discussion this afternoon at 1330ET while Cleveland Fed Mester discusses her economic outlook at 1930ET, text and Q&A.
  • US Treasury supply limited to bills this week with $71B 13W, $64B 26W bill auctions at 1130ET.

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