Wednesday, November 20, 2013

Wednesday: Retail Sales, Existing Home Sales, FOMC Minutes, CPI

Wednesday:
• At 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• During the day, the AIA's Architecture Billings Index for October (a leading indicator for commercial real estate).

• At 8:30 AM, the Consumer Price Index for October. The consensus is for no change in CPI in October and for core CPI to increase 0.2%.

• Also at 8:30 AM, Retail sales for October will be released. The consensus is for retail sales to be unchanged in October, and to increase 0.1% ex-autos..

• At 10:00 AM, Existing Home Sales for October from the National Association of Realtors (NAR). The consensus is for sales of 5.13 million on seasonally adjusted annual rate (SAAR) basis. Sales in September were at a 5.29 million SAAR. Economist Tom Lawler estimates the NAR will report sales of 5.08 million.

• Also at 10:00 AM, the Manufacturing and Trade: Inventories and Sales (business inventories) report for September. The consensus is for a 0.3% increase in inventories.

• 2:00 PM, the Fed will release the FOMC Minutes for the Meeting of October 29-30, 2013.

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