Economy Week Ahead: Election, the Fed and Employment

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The U.S. employment report for October caps a full week for economic and political news.

Monday

The Institute for Supply Management’s survey of purchasing managers at factories is expected to show another month of expanding activity in October. Strong demand for consumer goods and capital equipment has driven a manufacturing rebound after coronavirus-related disruptions depressed output this spring.

Tuesday

The U.S. election is Tuesday, with markets focused on divergent fiscal policies of President Trump and challenger Joe Biden. Observers have cautioned that results for the presidential contest and control of the Senate might not be known immediately after polls close.

Wednesday

The U.S. trade deficit is expected to narrow in September after advance data showed a rebound in goods exports alongside a small drop in goods imports. Details on trade in services will round out the picture for the month.

Thursday

The Bank of England is expected to respond to the drag on the economy from tightening restrictions as new coronavirus infections rise by increasing its program of bond purchases by as much as £100 billion, equivalent to $129.5 billion.



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