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The Week Ahead


FOMC MEETING

Tuesday, Aug. 12, 9 a.m. EDT -- The Federal Reserve Board's Open Market Committee meets to set monetary policy. Across the board, economists surveyed by MMS International believe the Fed will keep its federal funds rate at 1%.

RETAIL SALES

Wednesday, Aug. 13, 8:30 a.m. EDT -- July retail sales probably grew by 0.5% for a second consecutive month. Excluding vehicles, sales most likely rose by 0.4%, after surging 0.7% in June.

PRODUCER PRICE INDEX

Thursday, Aug. 14, 8:30 a.m. EDT -- Producer prices probably rose by 0.2% in July, after a 0.5% jump in June. Excluding food and energy, prices very likely ticked up 0.1%, reversing a 0.1% drop the month before.

CONSUMER PRICE INDEX

Friday, Aug. 15, 8:30 a.m. EDT -- July consumer prices for goods and services are expected to have climbed 0.2% for a second straight period. Minus food and energy, prices moved 0.1% higher, after holding steady.

INDUSTRIAL PRODUCTION

Friday, Aug. 15, 9:15 a.m. EDT -- Factory output in July probably expanded by 0.2%, following a 0.1% increase during June. The average operating rate is forecast to have improved to 74.4%, from 74.3%.


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