September inflation data and the start of earnings season are the highlights for investors this week. The stock market will be open on Monday, but U.S. bond markets will be closed.
On Thursday, all eyes will be on the Bureau of Labor Statistics’ consumer price index for September. On average, economists are predicting increases of 0.3% in both the headline CPI and the core CPI, which excludes food and energy components. That would bring the year-over-year inflation rate to 3.6% and 4.1%, respectively, both lower than in August.
Monday, 10/9 Bond markets are closed for the Columbus Day holiday. The Nasdaq and New York Stock Exchange have regular trading hours.Adobe and HPInc. hold investor meetings. The Bureau of Labor Statistics releases the producer price index for September. The consensus estimate is for the PPI to increase 1.6% year over year, unchanged from August. The core PPI, which excludes volatile food and energy prices, is expected to rise 2.3%, one-tenth of a percentage point more than previously.
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