A strong U.S. jobs report on Friday would “make an even better case for the Fed to continue its tightening and maybe increase the probability that they could move three more times this year,” David Coard, head of fixed income sales and trading at Williams Capital Group, told Reuters.
U.S. markets rallied on the upbeat data, despite concerns over the Trump administration’s ability to deliver on promised policy changes, such as corporate tax cuts or deregulation.
Minutes from the latest meeting of the Federal Reserve will also be revealed later Wednesday, providing clues on the path of the central bank’s monetary policy as well as how Fed will unwind its $4.5 trillion balance sheet, Bloomberg reports.
Looking ahead, an account of the European Central Bank’s latest policy gather is expected on Thursday, and China’s President Xi Jinping will also be meeting President Donald Trump for two days starting Thursday.
For more information on the markets and U.S. Stock ETFs, visit our S&P 500 category.