Business Week Index: THE WEEK AHEAD
THE WEEK AHEAD
Tuesday, Nov. 14, 8:30 a.m. -- Retail sales rose a mere 0.1% in October,
projects the median forecast of economists surveyed by MMS International, one
of The McGraw-Hill Companies. Sales rose 0.3% in September. Excluding autos,
October receipts likely also rose 0.1%, after a 0.7% jump in September.
Wednesday, Nov. 15 -- The MMS forecast is for no change in monetary policy
during this meeting of the Federal Reserve Board's Federal Open Market
Committee. That means that the federal funds rate will remain at 5.75%.
CONSUMER PRICE INDEX
Wednesday, Nov. 15, 8:30 a.m. -- Inflation continues at a mild pace. Consumer
prices probably rose 0.2% in October, after edging up 0.1% in September.
Excluding food and energy, core prices likely rose 0.2% last month, the same
increase as in each of the previous five months.
Wednesday, Nov. 15, 9:15 a.m. -- The MMS forecast is that industrial
production fell 0.2% in October, on top of a 0.2% drop in September. That's
suggested by the decline in total hours worked in the factory sector. As a
result, operating rates for all industry slipped to 83.5% in October, from
Wednesday, Nov. 15, 10 a.m. -- Inventories held by manufacturers,
wholesalers, and retailers probably rose 0.4% in September, the same gain as in
August. Factory inventories rose 0.6% in September, while wholesale stock
levels were down 0.2%. Business sales likely rose 0.4% in September, much less
than the 1.5% jump in August. That's suggested by the weak sales reported by
retailers and manufacturers.
Friday, Nov. 17, 8:30 a.m. -- Housing starts probably stood at an annual rate
of 1.4 million in October, unchanged from September's pace, says the MMS report.