The Week Ahead
Monday, Nov. 16, 9:15 a.m. EST -- Output in the industrial sector probably rose by 0.2% in October, according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies. Production fell 0.3% in September, with a broad number of industries showing declines. Capacity utilization rates likely averaged 81% last month, down from 81.1% in September.
CONSUMER PRICE INDEX
Tuesday, Nov. 17, 8:30 a.m. EST -- Consumer prices for all goods and services likely rose 0.2% in October, after no rise in September. Excluding food and energy, core prices probably increased 0.2%, the same small gain as in September.
Tuesday, Nov. 17, 8:30 a.m. EST -- Inventories stored at factories, wholesalers, and retailers probably increased 0.2% in September, after rising 0.3% in August.
Tuesday, Nov. 17 -- The S&P MMS forecast expects that the Federal Reserve will cut its federal funds target rate by a quarter-point to 4.75% at this Open Market Committee meeting. The Fed shocked the financial markets on Oct. 15 when it cut between meetings, trimming the fed funds rate from 5.25% to 5.00% and the discount rate from 5.00% to 4.75%.
Wednesday, Nov. 18, 8:30 a.m. EST -- The trade deficit probably narrowed to $16 billion in September, from $16.8 billion in August. Exports continued to fall, but imports, which jumped 2.2% in August, likely fell back sharply in September.
Thursday, Nov. 19, 8:30 a.m. EST -- Housing starts probably stood at an annual rate of 1.58 million in October, unchanged from September's level, projects the S&P MMS survey.