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The key economic reports this week are September CPI and Retail Sales.
Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled.
1:35 PM: Speech, Fed Vice Chair Lael Brainard, Restoring Price Stability in an Uncertain Economic Environment, At the National Association for Business Economics (NABE) Annual Meeting, Chicago, Ill.
6:00 AM: NFIB Small Business Optimism Index for September.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
8:30 AM: The Producer Price Index for September from the BLS. The consensus is for a 0.2% increase in PPI, and a 0.3% increase in core PPI.
2:00 PM: FOMC Minutes, Meeting of September 20-21, 2022
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thousand from 219 thousand last week (likely impact from Hurricane Ian).
8:30 AM: The Consumer Price Index for September from the BLS. The consensus is for a 0.2% increase in CPI, and a 0.5% increase in core CPI. The consensus is for CPI to be up 8.1% year-over-year and core CPI to be up 6.5% YoY.
8:30 AM ET: Retail sales for September will be released. The consensus is for a 0.2% increase in retail sales.
This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline).
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for October).
Financial Services