September retail sales, to be released Monday at 8:30 a.m. ET, is expected to show modest strength in core figures, which exclude automobile and gasoline sales. Last months outsized gains in the headline figure, which were the largest in six months, were entirely due to higher gasoline prices.
Housing data will include September housing starts on Wednesday at 8:30 a.m. ET, the October National Association of Home Builders housing market index on Tuesday at 10:00 a.m. ET, and September existing home sales on Friday at 10:00 a.m. ET.
Housing data has lately shown signs of genuine improvement in the sector, with sales on the upswing, prices gaining traction and construction of new homes showing no signs of a slow-down. All of these trends are expected to continue with next weeks data.
The September Consumer Price Index, to be released Tuesday at 8:30 a.m. ET, will round out the months inflation data. The data is expected to show the same impact of higher food and gas prices which drove up headline figures in the months Producer Price Index and import price index.
Initial jobless claims showed an unexpected plunge in last weeks figure, due to a technicality in state reporting. Next weeks data will likely show a correction, though the overall trend for claims has still been pushing modestly downward.
Other data to be released over the week include the October Philadelphia Federal Reserve business outlook survey on Thursday at 10:00 a.m. ET, the October Empire State manufacturing survey on Monday at 8:30 a.m. ET, September industrial production on Tuesday at 9:15 a.m. ET, September Treasury international capital flows on Tuesday at 9:00 a.m. ET, September leading economic indicators on Thursday at 10:00 a.m. ET, and August business inventories on Monday at 10:00 a.m. ET.
Federal Reserve Speakers for the week are listed below:
New York Federal Reserve president William Dudley will speak at the National Association for Business Economics on Monday at 8:00 a.m. ET.
Richmond Federal Reserve president Jeffery Lacker on the U.S. economy in Virginia on Monday at 12:45 p.m. ET.
St. Louis Federal Reserve president James Bullard will speak on the economy in St. Louis on Monday at 1:10 p.m. ET.
San Francisco Federal Reserve president John Williams will speak on the economy in San Francisco on Monday at 8:30 p.m. ET.
Atlanta Federal Reserve President Dennis Lockhart will introduce the Argentine ambassador in Atlanta on Tuesday at 12:00 p.m. ET.
Federal Reserve Governor Sarah Raskin will speak on financial regulation in Boston on Tuesday at 12:00 p.m. ET.
— Kasra Kangarloo is a reporter for Need to Know News
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