Capital and consumer goods imports continue to exhibit annual declines in prices between one and two percent, helping to keep pressure on local producers to keep prices low. Initial unemployment claims surged 45,000 to 344,000 in the week ended November 4, the highest reading since January 1999. The Department of Labor attributed the unusual jump to temporary layoffs in the auto industry. Economic data should continue to be market friendly. Retail sales are expected to slow and energy prices should ease.
Core inflation is likely to remain steady.
Industrial production could surprise on the upside but not by much. The Fed meets on Wednesday. The materials on this Web site are for general circulation and general informational purposes only. It does not have regard to the specific investment objectives, financial situations, or particular needs of any specific person or entity. Investors should seek financial advice regarding the appropriateness of investing in any investment strategy or security discussed.