CPI and PPI readings for October may get delayed
The government shutdown that began Oct. 1 has now become the longest ever, bringing continued disruptions to economic data. With this in mind, key inflation data is expected at the end of next week. There will also be commentary from several Federal Reserve officials to unpack from Wednesday through Friday.
On the earnings front, we will see reports from Applied Materials (AMAT), Cisco (CSCO), CoreWeave (CRWV), Instacart (CART), JD.com (JD), Monday.com (MNDY), Occidental Petroleum (OXY), On Holding (ONON), Rigetti Computing (RGTI), Sea (SE), Tyson Foods (TSN), Walt Disney (DIS), and more.
Below is the schedule of key market events for the week ahead. Please note that some data may not be available due to the government shutdown. All economic dates are tentative and subject to change.
The week starts off slow, with no economic data scheduled for Monday, Nov. 10.
Though the stock market is still open, the bond market will be closed on Tuesday, Nov. 11 for Veterans Day. The National Federation of Independent Business (NFIB) optimism index is also due out.
Wednesday, Nov. 12 will bring nothing apart from Fed speeches.
The usual weekly jobless claims data is due out on Thursday, Nov. 13, along with consumer price index (CPI) data, core CPI data, the monthly U.S. federal budget, and more Fed commentary.
Friday, Nov. 14, features producer price index (PPI) and core PPI data, retail sales, and business inventories. More Fed officials will also chime in.