Magazine

The Week Ahead


FOMC MEETING

Tuesday, Dec. 10, 9 a.m. EST -- The Federal Reserve Board's Open Market Committee will meet to set monetary policy. Economists surveyed by MMS International unanimously expect the federal funds rate will remain at 1.25%.

CURRENT-ACCOUNT DEFICIT

Thursday, Dec. 12, 8:30 a.m. EST -- The U.S. current-account deficit is expected to have reached $131 billion in the third quarter, after surging to $130 billion during the previous quarter.

RETAIL SALES

Thursday, Dec. 12, 8:30 a.m. EST -- Retail sales probably climbed 0.4% in November after holding steady in October. Excluding vehicles, November sales probably increased by a similar 0.4%, following a sharp 0.7% rise in October.

EXPORT-IMPORT PRICES

Thursday, Dec. 12, 8:30 a.m. EST -- Import prices during October are forecast to have fallen by 0.3%, while export prices most likely edged up 0.1%.

BUSINESS INVENTORIES

Friday, Dec. 13, 8:30 a.m. EST -- Inventories probably increased by a further 0.2% in November, after increasing 0.5% in October.

PRODUCER PRICE INDEX

Friday, Dec. 13, 8:30 a.m. EST -- Producer prices of finished goods very likely rose 0.1% in November. Even excluding food and energy, core prices probably rose by 0.1%. In October, higher energy costs pushed prices up 1.1%, although higher vehicle prices pushed the core index up 0.5%.


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