Tomorrow, the Labor Department releases the jobs report—probably the most important economic report of them all. After all, jobs drive everything. As an indicator of business confidence, job growth is predictive; as the engine of consumer spending, job growth is determinative. We learn a lot about the economy from this report every month.

As I’ve mentioned, the European banking system is a key risk, and Deutsche Bank—one of the largest banks in Germany and Europe—is catching headlines over its troubles. There’s been a great deal of speculation about what this means for the U.S. and world economies and for stock markets. Some have even suggested this might be a “Lehman moment” that could trigger another financial crisis. I asked our international analyst, Anu Gaggar, to take a look and report back on what she found. — Brad

As expected, last night’s presidential debate was a slugfest. With both Trump and Clinton swinging freely at each other, and the moderator struggling to maintain control, it was interesting to see how the candidates chose to spend their time in front of the nation. We learned something, even if it wasn’t what we might have wanted to learn.

Last week’s data focused on housing, including the National Association of Home Builders industry survey on Monday, housing starts on Tuesday, and sales of existing homes on Thursday. And of course, there was one very important event: the meeting of the Federal Open Market Committee.

After the Fed’s meeting, the next potentially market-moving event is the first debate between presidential candidates Hillary Clinton and Donald Trump. What can we expect from them on Monday?

To no one’s surprise, the Fed decided not to raise rates yesterday. At the same time, however, it managed to hint about as strongly as it ever has that a rate increase is coming by the end of the year.

Today is the start of the regular meeting of the Federal Reserve, which is tasked with managing the U.S. economy. The way it usually does this is by setting base interest rates, which the rest of the financial system keys off of. In recent years, the Fed has also used other methods—notably, buying bonds to reduce interest rates even further than the usual tools would allow.

Last week gave us some clarity over whether the consumer will continue to lead economic growth and whether the manufacturing sector is as bad as the surveys suggest. Unfortunately, most of the data came in below expectations, showing that while the recovery continues, there is little evidence of any acceleration this quarter.

In one of the most encouraging headlines we’ve seen recently, the median U.S. household income rose in 2015 by the most since the mid-1960s.

After months of relative calm in the financial markets, we’ve seen big bounces over the past several days, down and up and down again this morning. What’s going on?