The widely anticipated BLS Employment Situation report for March 2016 will be released on Friday, April 1, with readings on the unemployment rate and wage growth.

The Fed’s rate hike plan for 2016 was at the center of the already heightened global economic uncertainties troubling the markets.

The Fed holds its second of eight FOMC meetings of 2016 this Tuesday and Wednesday, March 15-16, 2016.

The latest Beige Book suggests that the U.S. economy is still growing near its long-term trend. However, Main Street’s latest assessment suggests that the manufacturing sector continues to be affected by a stronger dollar, weaker energy prices, and a slowdown in EM economies.

While the next FOMC meeting isn’t until mid-March, markets are already trying to decipher how the gap between the Fed’s forecast of the fed funds rate and the market’s expectations will be resolved.

As noted in our Outlook 2016, we expect the dollar to stabilize after its large increase between mid-2014 and mid-2015.