Last week Federal Reserve Chair Jerome Powell said that while inflation continues to cool and the U.S. economy is stable, the Fed won't be taking an inflation victory lap yet (maybe he's been watching the "Halloween" or "Alien" movies in which the heroes learn the hard way that just when they think the evil is vanquished …), and will continue to look at the data when deciding whether or not to start cutting interest rates.
With that in mind, Mr. Powell and investors this week will be looking at jobs data, including U.S. unemployment numbers for November, and the Job Openings and Labor Turnover Survey, aka JOLTS. Meanwhile, Canada will make a call on its own interest rates, and Germany will release consumer price index data.