The Week Ahead
Tuesday, Dec. 11, 9 a.m. EST -- The Federal Reserve's Open Market Committee will meet to set monetary policy. Over two-thirds of the economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies, forecast a quarter-point cut in the federal funds rate, to 1.75%. The remainder of economists surveyed forecast no change.
Thursday, Dec. 13, 8:30 a.m. EST -- Retail sales probably fell 1.5% in November, due to a drop-off in auto sales after a record October. Excluding autos, sales were likely up 0.3%.
PRODUCER PRICE INDEX
Thursday, Dec. 13, 8:30 a.m. EST -- Producer prices of finished goods in October likely fell 0.2%. Core prices, excluding food and energy, are expected to have risen 0.1%.
Friday, Dec. 14, 8:30 a.m. EST -- Inventories in October are projected to have fallen 0.3%, after dropping 0.5% in September.
CONSUMER PRICE INDEX
Friday, Dec. 14, 8:30 a.m. EST -- Consumer prices for goods and services were likely unchanged in November, after slipping 0.3% in October. Core prices, excluding the more volatile food and energy components, probably increased 0.2%, after growing 0.2% in October.
Friday, Dec. 14, 9:15 a.m. EST -- Factory output likely fell for the 10th time this year, by 0.3% in November, after a 1.1% drop in October.