“Little Non-Farm” and PCE Both Arrive Tonight; If Both Data Points Run Hot, Rate Hike Bets May Return

Odaily News: Tonight at 20:15, the U.S. September ADP employment data will be released first, with expectations of 70,000 new jobs; at 20:30, the Fed-favored August PCE will follow, with the core annual rate expected to remain at a high of 3.3%. Fed's Williams unexpectedly signaled a dovish stance, and October rate hike expectations immediately dropped to a coin flip. If tonight's data both run hot, rate hike bets may return. (Jinshi)