RPT-GLOBAL ECONOMY WEEKAHEAD-Fed's "solid" growth view faces test as Greek drama unfolds

Mon Feb 2, 2015 2:00am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Repeats item that ran on Sunday, with no changes)

* U.S. jobs data to test Fed's view on economy

* Developments on Greek bailout will grip markets

* China and euro zone PMIs in focus

By Philip Blenkinsop

BRUSSELS, Feb 1 (Reuters) - The Federal Reserve's upgraded view that growth in the world's biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week.

Ructions over Greece's new anti-austerity government will also continue to grip markets, and could overshadow economic data in the coming days.

The Federal Reserve last week lifted its assessment of the U.S. expansion to "solid" from "moderate", with jobs growth now seen as "strong".

A Reuters poll forecasts that U.S. employment data on Friday will show about 230,000 jobs were created in January, slowing slightly from 252,000 in December but still robust.   Continued...