First Week of March to Feature Jobs Data, Fed Remarks

The closely watched ADP jobs report is on tap

Digital Content Manager
Feb 29, 2024 at 2:01 PM
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The first full week of March has plenty for investors to monitor. A host of Federal Reserve presidents are set to speak could reveal more about upcoming interest rate policy, while the closely watched ADP employment report will offer insight into the current state of the job market.

The earnings season is winding down, but expect to hear from Abercrombie & Fitch (ANF), Box (BOX), Costco Wholesale (COST), Foot Locker (FL), Gap (GPS) GitLab (GTLB), Kroger (KR), Nio (NIO), Nordstrom (JWN), Stitch Fix (SFIX), Target (TGT), and United Natural Foods (UNFI).

Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.

No economic indicators are scheduled for Monday, March. 4.

Factory orders and the Institute for Supply Management (ISM) services data will be due out on Tuesday, March 5.

Wednesday, March 6 features the ADP jobs report, wholesale inventories, job openings, and the Fed Beige Book. Fed Chair Jerome Powell will also testify before Congress, and San Francisco Fed President Mary Daly speaks will offer remarks.

Jobs, revised productivity, consumer credit, and trade balance data are on tap Thursday, March 7. Powell will continue his appearance before Congress, with Cleveland Cleveland Fed President Loretta Mester set to speak that day as well.

The week wraps up with nonfarm payrolls, an unemployment rate and hourly wage update, and consumer sentiment data on Friday, March 8. Investors will also have comments from New York Fed President John Williams to unpack.

 

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