Saturday, November 03, 2018

Schedule for Week of November 4, 2018

by Bill McBride on 11/03/2018 08:11:00 AM

This will be a light week for economic data.

The FOMC meets on Wednesday and Thursday, and no change to policy is expected.

----- Monday, Nov 5th -----

10:00 AM: the ISM non-Manufacturing Index for October.  The consensus is for a decrease to 59.4 from 61.6.

----- Tuesday, Nov 6th -----

Job Openings and Labor Turnover Survey 10:00 AM ET: Job Openings and Labor Turnover Survey for September 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 August to 7.136 million from 7.077 million in July.

The number of job openings (yellow) were up 18% year-over-year, and Quits were up 13% year-over-year.

10:00 AM: Corelogic House Price index for September.

----- Wednesday, Nov 7th -----

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

3:00 PM: Consumer Credit from the Federal Reserve.

----- Thursday, Nov 8th -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 213 thousand initial claims, down from 214 thousand the previous week.

2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.

----- Friday, Nov 9th -----

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

10:00 AM: University of Michigan's Consumer sentiment index (Preliminary for November).