What to Expect This Week

This will be a busy week in the United States with speeches by Federal Reserve officials likely to give clues about an highly anticipated exit strategy for quantitative easing. Elsewhere, October retail sales are expected to show another gain and headline inflation will likely pick up but remain slightly negative.

In the Euro Area, the key release is Consumer Prices which are expected to stay in deflationary territory. We are also looking for a rebound in both seasonally adjusted exports and imports for September. Apparently, the effects of a strong euro have not been felt yet. In Japan, third quarter GDP may show further growth as exports and consumer spending increased. Also, the Bank of Japan meets but we don’t expect any changes in current monetary policy. Finally, in the United Kingdom and Canada, headline inflation may start rising again in October. In sum, the average family income has not been rising proportionaly to consumer prices and we may have a very weak holiday.

Anna Fedec, contact@tradingeconomics.com
11/14/2009 11:55:20 AM