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%.
      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.