Saturday, October 08, 2016

Schedule for Week of Oct 9, 2016

by Bill McBride on 10/08/2016 08:01:00 AM

The key economic report this week is September Retail Sales on Friday.

A key focus will be on the second Presidential debate on Sunday, Oct 9th.

----- Sunday, Oct 9th -----

At 9:00 PM ET, the Second Presidential Debate, at Washington University in St. Louis, St. Louis, MO

----- Monday, Oct 10th -----

10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI).

----- Tuesday, Oct 11th -----

6:00 AM ET: NFIB Small Business Optimism Index for September.

----- Wednesday, Oct 12th -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

Job Openings and Labor Turnover Survey10:00 AM: Job Openings and Labor Turnover Survey for August from the BLS.

This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red column), and Quits (light blue column) from the JOLTS.

Jobs openings increased in July to 5.871 million from 5.643 million in June.

The number of job openings (yellow) were up 1% year-over-year, and Quits were up 9% year-over-year.

2:00 PM: The Fed will release the FOMC minutes for the September meeting.

----- Thursday, Oct 13th -----

8:30 AM ET: The initial weekly unemployment claims report will be released.  The consensus is for 254 thousand initial claims, up from 249 thousand the previous week.

----- Friday, Oct 14th -----

8:30 AM: The Producer Price Index for September from the BLS. The consensus is for a 0.2% increase in prices, and a 0.1% increase in core PPI.

Retail Sales8:30 AM ET: Retail sales for September will be released.  The consensus is for 0.6% increase in retail sales in September.

This graph shows retail sales since 1992 through August 2016.

10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for August.  The consensus is for a 0.1% increase in inventories.

10:00 AM: University of Michigan's Consumer sentiment index (preliminary for October). The consensus is for a reading of 92.0, up from 91.2 in August.

1:30 PM: Speech by Fed Chair Janet Yellen, Macroeconomic Research After the Crisis, At the Federal Reserve Bank of Boston’s Annual Research Conference: The Elusive "Great" Recovery: Causes and Implications for Future Business Cycle Dynamics, Boston, Massachusetts