A huge amount of economic data will hit this week due to several reports hitting that were postponed as a result of the government shutdown.
We will have a good read on the consumer with Retail Sales, Consumer Confidence and Auto Sales, as well as on manufacturing with Chicago PMI and ISM Manufacturing. There will also be more data on the jobs front with ADP Private Payrolls and Initial Jobless Claims. On the Housing front will be Pending Home Sales and the Case-Shiller Home Price Index; and on the inflationary front PPI and CPI.
So that means data on just about every sector of our economy this week. Of course, the focus will naturally be on Wednesday’s Federal Open Market Committee’s (FOMC aka “the Fed”) interest rate decision and policy statement. However, most traders and economists do not expect the FOMC to make any changes to their policies or their time tables.
This week’s Treasury auctions:
10/28 2 year note
10/29 5 year note
10/30 7 year note
What is on the agenda for this week?
|
Date |
Time (ET) |
Economic Release |
Market Expects |
Prior |
|
28-Oct |
9:15 AM |
Industrial Production |
0.30% |
0.40% |
|
28-Oct |
9:15 AM |
Capacity Utilization |
78.00% |
77.80% |
|
28-Oct |
10:00 AM |
Pending Home Sales |
-1.30% |
-1.60% |
|
29-Oct |
8:30 AM |
Retail Sales |
-0.10% |
0.20% |
|
29-Oct |
8:30 AM |
Retail Sales ex-auto |
0.30% |
0.10% |
|
29-Oct |
8:30 AM |
PPI |
0.20% |
0.30% |
|
29-Oct |
9:00 AM |
Case-Shiller 20-city Index |
12.40% |
12.00% |
|
29-Oct |
10:00 AM |
Business Inventories |
0.20% |
0.40% |
|
29-Oct |
10:00 AM |
Consumer Confidence |
73.1 |
79.7 |
|
30-Oct |
7:00 AM |
MBA Mortgage Index |
NA |
-0.60% |
|
30-Oct |
8:15 AM |
ADP Employment Change |
125K |
166K |
|
30-Oct |
8:30 AM |
CPI |
0.10% |
0.10% |
|
30-Oct |
8:30 AM |
Core CPI |
0.10% |
0.10% |
|
30-Oct |
10:30 AM |
Crude Inventories |
NA |
5.246M |
|
30-Oct |
2:15 PM |
FOMC Rate Decision |
0.25% |
0.25% |
|
31-Oct |
7:30 AM |
Challenger Job Cuts |
NA |
19.10% |
|
31-Oct |
8:30 AM |
Initial Claims |
335K |
350K |
|
31-Oct |
8:30 AM |
Continuing Claims |
2850K |
2874K |
|
31-Oct |
9:45 AM |
Chicago PMI |
55 |
55.7 |
|
31-Oct |
10:30 AM |
Natural Gas Inventories |
NA |
87 bcf |
|
1-Nov |
10:00 AM |
ISM Index |
55 |
56.2 |
|
1-Nov |
10:00 AM |
Construction Spending |
NA |
NA |
|
1-Nov |
2:00 PM |
Auto Sales |
NA |
5.4M |
|
1-Nov |
2:00 PM |
Truck Sales |
NA |
6.5M |