|08:30||Retail sales||Solid broad-based increase in September|
|08:30||Empire State mfg||Small increase expected this month|
|10:00||Business inventories||BEA's GDP estimates imply a 0.5% August increase|
|11:00||4- and 8-week bill announcement||Initial 8-week offering|
|11:30||3- and 6-month bill auction||Both maturities reduced by $3 billion|
We look for above-trend gains of 0.7% in overall retail sales and 0.5% in core sales excluding autos and gasoline in this morning’s report for September. The Empire State factory survey seems likely to suggest that manufacturing activity remained healthy in the New York region in the latest month.
Today’s bill announcements: 4- and 8-week bills
Today’s bill auctions: 3- and 6-month bills
This week’s issue of the Money Market Observer is limited to our regular weekly Treasury and economic indicator calendars. We will return to our regular format next week.