The FOMC meets this week and is expected to cut rates.
—– Monday, November 4th —–
No major economic releases scheduled.
—– Tuesday, November 5th —–
All day: U.S. Election
—– Wednesday, November 6th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
—– Thursday, November 7th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 224 thousand initial claims, up from 216 thousand last week.
—– Friday, November 8th —–
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for November).
—– Monday, November 4th —–
No major economic releases scheduled.
—– Tuesday, November 5th —–
All day: U.S. Election
8:30 AM: Trade Balance report for September from the Census Bureau. The consensus is for the deficit to be $73.5 billion in September, from $70.4 billion in August.
This graph shows the U.S. trade deficit, with and without petroleum, through the most recent report.
The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
10:00 AM: the ISM Services Index for October. The consensus is for a decrease to 53.3 from 54.9.
—– Wednesday, November 6th —–
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
—– Thursday, November 7th —–
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 224 thousand initial claims, up from 216 thousand last week.
2:00 PM: FOMC Meeting Announcement. The Fed is expected to cut rates 25bp at this meeting.
2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
—– Friday, November 8th —–
10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for November).