The Economic Week Ahead……

Monday 29

3 & 6 Month Bill Auction

Tuesday 30

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

Consumer Confidence

4 Week Bill Auction

FOMC (Federal Open Market Committee) Meeting Begins!

Wednesday 31

MBA Purchase Applications-Measures Mortgage Lender applications, this is considered a leading indicator of single family home sales!

ADP Employment Report-National Employment report based on private payrolls

GDP-The broadest measure of economic activity that takes all sectors of the economy into account.

Employment Cost Index-Measures total employee compensation costs, including benefits.

EIA Petroleum Status Report-Measures petroleum inventories in the US

Construction Spending- Good indicator of the economy’s momentum.

NAPM-Chicago-Business conditions in the Chicago area, another measure of economic growth.

10 year note and 30 year Treasury Bond Announcement

Farm Prices

FOMC Announcement!

Thursday 1

Pending Homes Sales Index-Release from NAR Gauges demand and momentum of housing market

Monster Employment Index Job availability compiled by Monsters from 1500+ websites.

Challenger Job Cut Report Announced corporate layoffs.

Jobless Claims Unemployment claims.

Personal Income Outlays-Consumer spending Consensus is .4% Another measure to gauge consumer spending power.

ISM Manufacturing Index Survey of manufacturing firms that measure their sentiments on a variety of areas including employment, production, new orders and inventories.

EIA Natural Gas Report

Motor Vehicle Sales

3 and 6 month Treasury Bill Announcement Investors use this data to attempt to predict future Federal Reserve policy.

Money Supply

Friday 2

Employment Situation-Set of labor market indicators

Factory Orders

Coming up this week all eyes will be on the Fed announcement on Wednesday!

If you read my Economic Week in Review post you have a sense of our current situation, which is not great and you can expect some more fallout in earnings from the subprime situation. There was much speculation last week as to how much the Fed might ease. While there is a precedent for back to back 50 basis point cuts I think the Fed might be more concerned with the weak dollar, record high oil and gold prices and the inflationary implications.

Have a great week everyone!

This entry was posted on 28. October 2007 at 19:26 and is filed under Economic Market Reports, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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