Here is a look at the Economic Calendar for the rest of the week. Of particular importance are the reports that will be released on Friday October 15th.
The Consumer Pricing Index (CPI) is a measure of the price level of a fixed market basket of goods and services purchased by consumers. It can be very volatile from month to month as a change in energy prices has a large influence on it. The retail sales report is a measure of the total receipts of retail stores. The changes in retail sales are widely followed as the most timely indicator of broad consumer spending patterns.
It will be important to keep an eye on these reports as bad economic news is good for Mortgage Interest Rates and good economic news has the opposite effect. We’ll see what how the market reacts at the end of the week.
|Date||Statistic||For||Briefing Forecast||Market Expects||Prior|
|Oct 14||Initial Claims||10/09||450K||450K||445K|
|Oct 14||Trade Balance||Aug||-$40.0B||-$44.5B||-$42.8B|
|Oct 15||Retail Sales||Sep||0.2%||0.4%||0.4%|
|Oct 15||Mich Sentiment||Oct||67.0||68.5||68.2|