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Wednesday, October 16, 2013

Senate Approves Deal 81 to 18, House to Vote Later

by Calculated Risk on 10/16/2013 08:12:00 PM

The Senate approved the deal to open the government and pay-the-bills 81 to 18, and the House will vote later. Here is the CSPAN feed. There was never any doubt (in my mind) that the debt ceiling would be raised. And it is good news that the shutdown will be over (it was very expensive).

Thursday:
• 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 330 thousand from 374 thousand last week. This data is gathered by the states and will continue to be released.

• DELAYED: the Housing Starts for September. The consensus is for total housing starts to increase to 913 thousand (SAAR) in September.

• DELAYED: the Fed was scheduled to release Industrial Production and Capacity Utilization for September. From the Fed:

The industrial production indexes that are published in the G.17 Statistical Release on Industrial Production and Capacity Utilization incorporate a range of data from other government agencies, the publication of which has been delayed as a result of the federal government shutdown. Consequently, the G.17 release will not be published as scheduled on October 17, 2013. After the reopening of the federal government, the Federal Reserve will announce a publication date for the G.17 release.
The consensus is for a 0.4% increase in Industrial Production, and for Capacity Utilization to increase to 78.1%.

• At 10:00 AM, the Philly Fed manufacturing survey for October. The consensus is for a reading of 15.0, down from 22.3 last month (above zero indicates expansion).