The September PPI and CPI come out tomorrow and Wednesday, respectively. Housing starts and the MBI refinancing index also are released on Wednesday. Initial jobless claims and the Conference Board leading indicators come out on Thursday.
This is an important week for data out in front of the FOMC meeting taking place on October 24-25. Fed speak will quiet down as the data releases take center stage. St. Louis Fed President Poole indicates that he will be watching the data this week.
"If it looks like the numbers this week and other information suggest to us that the inflation rate is moving higher, or in danger of hanging here ... then I am certainly very much in the camp that would favor additional policy restraint," Poole said in answer to questions after a speech.
Via Reuters.
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