The Week Ahead
Monday, Oct. 1, 8:30 a.m. EDT -- Personal income likely grew 0.3% in August, after increasing 0.5% in July. That is the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Consumer spending in August probably grew 0.3%, after rising 0.1% in July.
PURCHASING MANAGERS' INDEX
Monday, Oct. 1, 10 a.m. EDT -- The National Association of Purchasing Management's September index of industrial activity is projected to have slipped to 45.5%, after jumping to 47.9% in August.
Tuesday, Oct. 2, 9 a.m. EDT -- The Federal Reserve Board's Open Market Committee will meet to set monetary policy. A majority of economists surveyed by S&P expect another 50-basis-point cut in the federal funds rate.
Thursday, Oct. 4, 10 a.m. EDT -- Manufacturing inventories are forecast to decline for a seventh consecutive month, by 0.6% in August, after a 0.6% drop in July.
Friday, Oct. 5, 8:30 a.m. EDT -- Nonfarm payrolls likely declined by 70,000 jobs in September, while manufacturing is expected to show a drop of 75,000 jobs. The unemployment rate in September likely hit 5.0%.
Friday, Oct. 5, 3 p.m. EDT -- Consumers probably pared down $2 billion of debt in August.