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Investing.com — To stimulus or not to stimulus. That is the question the market keeps asking, and Washington can’t seem to get its act together long enough to give a straight answer.
Here are three things that may move markets tomorrow:
1. Jobs again
The unemployment rate out at 8:30AM ET (1230 GMT) is expected at 8.2% for September, compared to 8.4% for August. The figure peaked in May at 14.7%.
The widely watched nonfarm payrolls come at the same time. The forecast is for 850,000 for September, compared to 1.3 million for August. Nonfarm payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
2. Consumer sentiment
The University of Michigan Consumer Sentiment Index is forecast at 79 for September, versus 78.9 the previous month. The index rates the relative level of current and future economic conditions.
3. Back to the Hill
The coronavirus brings us back to Capitol Hill, where Health and Human Services Secretary Alex Azar is slated to appear before a Congressional committee to testify on the virus situation as U.S. numbers bounce back up.
