This Week: Pfizer earns, Fed meeting, nonfarm payrolls

A look at some of the key business events and economic indicators upcoming this week:


Pfizer reports its third-quarter results Tuesday.

The drugmaker has benefited this year from strong sales of its COVID-19 vaccine and other medicines. Its revenue nearly doubled in the second quarter, helping boost its profit nearly 60% from the same quarter last year. Wall Street expects Pfizer’s earnings and revenue rose sharply in the July-September quarter versus the same period last year.


The Federal Reserve delivers an economic and interest rate policy update Wednesday, following a two-day meeting of its policymakers.

The central bank is expected to announce a timetable to begin reducing its $120 billion in monthly bond purchases, which have been designed to boost the economy by holding down long-term interest rates. Wall Street will be listening for clues to when the Fed may begin raising its benchmark interest rate in the face of rising price pressures.


Economists predict hiring in the U.S. accelerated in October after slowing the previous two months.

The Labor Department is expected to report Friday that nonfarm employers added 400,000 jobs in October. That would be up from 194,000 jobs in September. The August-September decline in hiring came as the coronavirus’ delta variant spread, discouraging some people from flying, shopping and dining out.

Nonfarm payrolls, monthly change, seasonally adjusted:

May 614,000

June 962,000

July 1,091,000

Aug. 366,000

Sept. 194,000

Oct. (est.) 400,000

Source: FactSet

Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Related Categories:

Business & Finance

Like WTOP on Facebook and follow @WTOP on Twitter to engage in conversation about this article and others.

Get breaking news and daily headlines delivered to your email inbox by signing up here.

© 2021 WTOP. All Rights Reserved. This website is not intended for users located within the European Economic Area.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up