The Week Ahead
Monday, Nov. 15, 8:30 a.m. EST -- Inventories held by manufacturers, wholesalers, and retailers likely increased 0.3% in September, the same gain posted in each of the previous four months. So says the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies.
Tuesday, Nov. 16 -- The Federal Reserve's Open Market Committee will meet to set interest rates for the next six weeks. The S&P MMS economists are just about split, with 48% expecting a quarter-point hike in the federal funds rate, to 5.5%, and 52% expecting no change.
Tuesday, Nov. 16, 9:15 a.m.EST -- Output at factories, mines, and utilities likely rose 0.3% in October, recouping September's 0.3% loss. Operating rates for all industry likely averaged 80.3% last month, unchanged from September.
CONSUMER PRICE INDEX
Wednesday, Nov. 17, 8:30 a.m. EST -- Consumer prices for all goods and services probably rose 0.2%, after a 0.4% gain in September. Excluding food and energy, core prices were likely up 0.2%, after a 0.3% advance in September.
Wednesday, Nov. 17, 8:30 a.m.EST -- Housing starts probably stood at an annual rate of 1.6 million in October, says the S&P MMS survey. If so, that would be the third consecutive decline in starts.
Thursday, Nov. 18, 8:30 a.m.EST -- The trade deficit for goods and services likely widened to $24.7 billion in September from $20.1 billion in August. Exports probably fell after jumping 3.7% in August, while imports continued to rise.