Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

The Week Ahead: 5 Things to Watch on the Economic Calendar

EconomyOct 09, 2016 04:46PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. 5 Things to Watch on the Economic Calendar This Week - In the week ahead, market players will be turning their attention to Wednesday’s minutes of the Federal Reserve’s September policy meeting for fresh clues on the timing of the next U.S. rate hike.

U.S. retail sales data will also be in the spotlight, as investors attempt to gauge if the world's largest economy is strong enough to withstand an increase in borrowing costs before the end of the year.

In addition, there are a handful of Fed speakers on tap, including Chair Janet Yellen, as traders look for more clues on the likelihood of a December rate hike.

This week also marks the start of the third-quarter earnings season in the U.S.

Elsewhere, China is to release what will be closely watched trade and inflation data amid ongoing concerns over the health of the world's second biggest economy.

Ahead of the coming week, has compiled a list of the five biggest events on the economic calendar that are most likely to affect the markets.

1. Fed FOMC Meeting Minutes

The Federal Reserve will release minutes of its September policy meeting on Wednesday at 2:00PM ET (18:00GMT) as investors search for some clarity on where the U.S. central bank stands on its path toward rate hikes.

The Fed left interest rates unchanged following its meeting on September 21, but hinted that a hike could come in December if the job market continued to improve. At the same time, the U.S. central bank also cut the number of rate hikes it expects next year and in 2018.

The Fed has policy meetings scheduled in early November and mid-December. Economists believe policymakers would avoid a rate hike in November in part because the meeting falls just days before the U.S. presidential election.

Markets are currently pricing in a less than 10% chance of a rate hike at November's meeting, according to's Fed Rate Monitor Tool. For December, odds stood at around 65%.

2. U.S. September Retail Sales Report

The Commerce Department will publish data on September retail sales at 8:30AM ET (12:30GMT) Friday. The consensus forecast is that the report will show retail sales rose 0.6% last month, after falling 0.3% in August. Core sales are forecast to inch up 0.4%, after declining 0.1% a month earlier.

Rising retail sales over time correlate with stronger economic growth, while weaker sales signal a declining economy. Consumer spending accounts for as much as 70% of U.S. economic growth.

3. Fed Speakers

A handful of Fed policymakers are due to make public appearances that may offer insight into how divided they are about raising rates in the coming months.

On Monday, Chicago Fed President Charles Evans will speak on monetary policy and the economy at 10:00PM ET (2:00GMT on Tuesday).

Minneapolis Fed President Neel Kashkari is to deliver comments at 11:00AM ET (15:00GMT) Tuesday.

On Wednesday, New York Fed President Bill Dudley speaks with the Business Council of New York State at 8:00AM ET (12:00GMT), while Kansas City Fed President Esther George speaks at the Federal Reserve Bank of Chicago Annual Payments Symposium at 9:40AM ET (13:40GMT).

Thursday sees Philadelphia Fed President Patrick Harker and Minneapolis Fed President Neel Kashkari make public appearances.

Finally, Fed Chair Janet Yellen is scheduled to speak on "macroeconomic research after the crisis" at the Federal Reserve Bank of Boston’s Annual Research Conference at 1:30PM ET (17:30GMT).

4. U.S. Q3 Earnings Season Kicks Off

Analysts expect third-quarter earnings will show a 0.7% decline from a year ago, while revenue for the past quarter is expected to have increased 2.5%, which would be the first year-over-year sales increase for S&P 500 companies since the end of 2014.

Earnings season unofficially kicks off Tuesday with Alcoa (NYSE:AA)'s quarterly results. The climax comes Friday with earnings from major banks Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM) and recently battered Wells Fargo (NYSE:WFC).

5. China September Trade Data

China is to release September trade figures at around 02:00GMT on Thursday (10:00PM ET Wednesday). The report is expected to show that the country’s trade surplus widened to $53.0 billion last month from $52.0 billion in August.

Exports are forecast to have dropped 3.0% in September from a year earlier, following a decline of 2.8% a month ago, while imports are expected to rise 1.0%, after increasing 1.5% in August.

Additionally, on Friday, the Asian nation will publish data on September consumer and producer price inflation. The reports are expected to show that consumer prices rose 1.6% last month, while producer prices are forecast to fall by 0.3%.

Stay up-to-date on all of this week's economic events by visiting:

The Week Ahead: 5 Things to Watch on the Economic Calendar

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email