Thursday, October 12, 2017

Friday: Retail Sales, CPI and 2018 COLA

by Calculated Risk on 10/12/2017 08:18:00 PM

• At 8:30 AM ET, The Consumer Price Index for September from the BLS. The consensus is for a 0.6% increase in CPI, and a 0.2% increase in core CPI. Note: The 2018 Cost-Of-Living Adjustments and Maximum Contribution Base will be announced tomorrow. COLA will probably be around 2%.

• Also at 8:30 AM, Retail sales for September will be released.  The consensus is for a 1.9% increase in retail sales.

• At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business inventories) report for August.  The consensus is for a 0.6% increase in inventories.

• Also at 10:00 AM, University of Michigan's Consumer sentiment index (preliminary for October). The consensus is for a reading of 95.5, up from 95.1 in September.