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High points for economic data scheduled for November 13 week
The economic data release schedule is crowded in the November 13 week. There are three reports that should stand out, or would if not for a looming government shutdown on November 17. First is October’s CPI at 8:30 ET on Tuesday. The runup in gasoline prices in the summer months has given way to seven straight weeks of declines from the end of September. This easing should contribute to a resumption of the downward trend for the year-over-year percent change in the all-items CPI. More in question will be if shelter costs continue to ease and if non-housing services are making progress. These latter two components ... (full story)