What to Watch in the Day Ahead - Friday, March 3
02/03/2023 19:31
(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT) On the U.S. economic front, the Institute for Supply Management is expected to report its non-manufacturing PMI likely dropped to 54.5 in February, after increasing to 55.2 in the month before. Separately, the S&P Global Composite and Services PMI for February are scheduled for release. Federal Reserve Bank of Dallas President Lorie Logan is expected to speak before the Chicago Booth Workshop on Market Disfunction at the University of Chicago Booth School of Business in Chicago. (1100/1600) Also, Federal Reserve Board Governor Michelle Bowman is expected to moderate "Design Issues for Central Bank Facilities in the Future" panel before the Chicago Booth Workshop on Market Disfunction at the University of Chicago Booth School of Business in Chicago. (1500/2000) Separately, Atlanta Fed's President Raphael Bostic is expected to give welcome remarks via pre-recorded video before the Racial Inequality Conference organized by the Laboratory for Aggregate Economics and Finance at the University of California–Santa Barbara, and co-sponsored by the Federal Reserve Banks of Atlanta and Cleveland in Atlanta, Georgia. (1145/1645) Meanwhile, Richmond Fed's President Thomas Barkin speaks in person on "What's Keeping Inflation Elevated?" before the Stanford Institute for Economic Policy Research (SIEPR) 2023 Economic Summit in Stanford, California. (1645/2145) Statistics Canada is scheduled to report the value of Canadian building permits likely rose 1.5% in January, after falling 7.3% in December. Also, the country's labor productivity data is set to release. Brazil's S&P Global Composite and Services PMI reading for February are also due for release. (Compiled by Shreya Sabharwal in Bengaluru; Edited by Shilpi Majumdar) ((Shreya.Sabharwal@thomsonreuters.com))