Placeholder Image

Subtitles section Play video

  • Hi, it's Jeffrey Kleintop with 90 seconds on what we're watching this week. It's back

  • to school time for many including Fed decision makers who may need to study the data a bit

  • longer before testing the markets with a taper plan. Disappointing U.S. economic data in

  • recent weeks supports the Fed taking a couple more months rather than making an announcement

  • at the September 22 meeting, but rising growth and inflation in Europe could prompt a taper

  • announcement from the European Central Bank at their Thursday meeting. It's worth noting

  • that past periods of tapering have not been negative for European stocks. Congress has

  • a mid-September deadline for filling in the details of the $3.5 trillion spending and

  • tax bill. Bits and pieces that get floated this week could prompt market reactions but

  • it's the looming debt ceiling that may be the biggest risk to the markets in the weeks

  • ahead with the treasury potentially running out of money pay its bills this month. President

  • Biden may make his choice this week on whether to renominate Fed chair Jerome Powell to a

  • second term. Powell has Treasury Secretary and former Fed chair Janet Yellen's endorsement

  • but faces criticism from some house progressives. The longer Biden waits the more likely a change

  • is being prepared and the greater the uncertainty over the future of monetary policy. With the

  • spike in new Delta cases showing signs of rolling over, many leading states' and countries'

  • interest rates may rise and markets may adopt more cyclical leadership after a summer of

  • favoring lockdown error defensives as economic data slowed. Key data watch this week to assess

  • the Delta impact include Tuesday's U.S. job openings and Thursday's slew of data

  • on China's economy. Thanks for watching.

Hi, it's Jeffrey Kleintop with 90 seconds on what we're watching this week. It's back

Subtitles and vocabulary

Operation of videos Adjust the video here to display the subtitles

B1 US september data powell biden treasury delta

Weekly Market Outlook | September 7, 2021

  • 6 1
    洪子雯 posted on 2021/09/07
Video vocabulary