The key economic reports this week are September retail sales and the Consumer Price Index (CPI).
Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open. No economic releases are scheduled.
6:00 AM ET: NFIB Small Business Optimism Index for September.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
10:00 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 6.170 million from 6.116 in June. This was the highest number of job openings since this series started in December 2000.
The number of job openings (yellow) were up 3% year-over-year, and Quits were up 4% year-over-year.
2:00 PM: FOMC Minutes, Meeting of September 19 – 20, 2017
8:30 AM ET: The initial weekly unemployment claims report will be released. The consensus is for 252 thousand initial claims, down from 260 thousand the previous week.
8:30 AM: The Producer Price Index for September from the BLS. The consensus is a 0.4% increase in PPI, and a 0.2% increase in core PPI.
8:30 AM: 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.
8:30 AM ET: Retail sales for September be released. The consensus is for a 1.9% increase in retail sales.
This graph shows retail sales since 1992 through August 2017.
10:00 AM: Manufacturing and Trade: Inventories and Sales (business inventories) report for August. The consensus is for a 0.6% increase in inventories.
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.
At 9:00 AM ET, Speech by Fed Chair Janet Yellen, The Economy and Monetary Policy, At the 32nd Annual G30 International Banking Seminar, Washington, D.C