{"id":1275,"date":"2025-11-03T13:22:22","date_gmt":"2025-11-03T13:22:22","guid":{"rendered":"https:\/\/global.ftmo.com\/au\/blog\/trading-week-ahead-key-data-to-shape-feds-december-decision\/"},"modified":"2026-02-18T08:52:37","modified_gmt":"2026-02-18T08:52:37","slug":"trading-week-ahead-key-data-to-shape-feds-december-decision","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-key-data-to-shape-feds-december-decision\/","title":{"rendered":"Trading Week Ahead: Key Data to Shape Fed\u2019s December Decision"},"content":{"rendered":"

With the Fed considering a possible\u00a0December rate cut<\/strong>\u00a0and key data still limited by the government shutdown, this week\u2019s\u00a0ISM Services<\/strong>,\u00a0ADP Jobs<\/strong>\u00a0and\u00a0UoM Inflation Expectations<\/strong>\u00a0reports take on added importance. Markets will be watching for signs of economic strength or weakness that could influence the Fed\u2019s next move.<\/em><\/p>\n

\ud83d\udc49 Here\u2019s what traders need to know.<\/strong><\/p>\n

\u2022 ISM Services PMI<\/strong>
\nWednesday\u2019s services PMI is expected to rise to 50.8 from 50.0, signalling slight expansion. A stronger print could reduce rate cut hopes, lifting the dollar and yields. A miss may trigger a dovish shift and boost risk assets.<\/p>\n

\u2022 ADP Nonfarm Employment Change<\/strong>
\nADP jobs data is forecast at +28K after last month\u2019s -32K drop. A rebound would challenge easing bets and support USD strength. Another weak print could weigh on the dollar and lift equities.<\/p>\n

\u2022 University of Michigan Inflation Expectations<\/strong>
\nFriday\u2019s UoM survey follows a previous 4.6% inflation expectation. Persistently high readings may keep the Fed cautious. A decline would support dovish sentiment and market optimism.<\/p>\n\n\n\n

\n \n
\n Monday, Nov. 3\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 4:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ISM Manufacturing PMI, Prices<\/span>\n <\/div>\n <\/div>\n \n
\n Tuesday, Nov. 4\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 4:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n JOLTS Job Openings (Tentative)<\/span>\n <\/div>\n <\/div>\n \n
\n Wednesday, Nov. 5\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:15 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ADP Nonfarm Employment Change<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 3:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ISM Services PMI<\/span>\n <\/div>\n <\/div>\n \n
\n Thursday, Nov. 6\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 1:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"GBP\"\n <\/div>\n GBP<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n BoE Interest Rate Decision<\/span>\n <\/div>\n <\/div>\n \n
\n Friday, Nov. 7\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 2:30 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"CAD\"\n <\/div>\n CAD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Unemployment Rate<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 4:00 PM<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Prelim UoM Inflation Expectations, Consumer Sentiment<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
Monday, Nov. 3<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 4:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ISM Manufacturing PMI, Prices<\/span>\n <\/td>\n <\/tr>\n \n \n
Tuesday, Nov. 4<\/td>\n \n \n \n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n JOLTS Job Openings (Tentative)<\/span>\n <\/td>\n <\/tr>\n \n \n
Wednesday, Nov. 5<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 2:15 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ADP Nonfarm Employment Change<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 3:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ISM Services PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
Thursday, Nov. 6<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 1:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"GBP\"\n <\/div>\n
GBP<\/div>\n <\/div>\n <\/td>\n\n
\n BoE Interest Rate Decision<\/span>\n <\/td>\n <\/tr>\n \n \n
Friday, Nov. 7<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 2:30 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"CAD\"\n <\/div>\n
CAD<\/div>\n <\/div>\n <\/td>\n\n
\n Unemployment Rate<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 4:00 PM<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Prelim UoM Inflation Expectations, Consumer Sentiment<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n