Economic data this week will play a crucial role in determining the Fed’s next move on December 11. Two big economic reports will be on investor’s radars this week — the Institute for Supply Management (ISM) manufacturing survey and the November employment report.

November’s ISM manufacturing report is scheduled to be released shortly after the market open Monday. After a few months of being in contractionary territory, most economists do not expect the ISM manufacturing index to deteriorate further so long as the trade war does escalate further.

“Regional surveys have broadly improved, and we expect headline ISM to recover above 50 in the next few months. Despite some recovery, we do not expect manufacturing surveys to pick up robustly,” Credit Suisse wrote in a note to

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