Light U.S. data calendar ahead. Monday is the government holiday for Veteran’s Day. Wednesday has the Federal budget for October. Thursday sees the release of international trade for September and weekly initial jobless claims.
Friday the big day with October import and export prices, October industrial output and September wholesale inventories.
Don’t expect too much of a move on any of this week’s data.
There are a slew of Fed speakers and tentatively a Senate Banking Committee hearing on the nomination of Janet Yellen as chair of the Federal Reserve. More details on that in coming days.
In Melbourne, Australia on Tuesday Federal Reserve Bank of Dallas President Richard Fisher speaks on before the Committee for Economic Development of Australia. At least audience Q&A expected. The same day in St Paul, Minnesota, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before the St. Paul Chamber of Commerce with audience Q&A expected. The same day in Montgomery, Alabama, Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the Auburn University Montgomery 31st Annual Economic Forum. Audience and media Q&As expected.
Wednesday in Philadelphia, Federal Reserve Bank of Cleveland President Sandra Pianalto speaks before the Global Interdependence Center. In Atlanta, Federal Reserve Bank of Atlanta President Dennis Lockhart participates gives brief remarks before the HOPE Global Financial Dignity Reception and Panel, White House Special Field Meeting of the President’s Council on Jobs & Competitiveness. No media Q&A. Lockhart will not discuss monetary policy or the economy.
In Washington on Thursday, Federal Reserve Bank of Philadelphia President Charles Plosser speaks on monetary policy before the Cato Institute 31st Annual Monetary Conference. Audience and media Q&As expected.
Also on Thursday in Washington with some details to still be confirmed, the Senate Banking Committee hearing on the nomination of current vice chairperson Janet Yellen to the chair of the Federal Reserve.