The U.S. government shutdown could continue impacting economic data releases next week. The latest consumer price index (CPI), retail sales data, and producer price index (PPI) could face delays, with the Federal Reserve's Beige Book also slated for release. The unofficial start of another earnings season will be in focus, too, with Dow and bank stocks leading the charge.
Among the names reporting results next week are American Express (AXP), Bank of America (BAC), BlackRock (BLK), Charles Schwab (SCHW), Citigroup (C), Fastenal (FAST), Goldman Sachs (GS), Johnson & Johnson (JNJ), JPMorgan Chase (JPM), Morgan Stanley (MS), Travelers (TRV), United Airlines (UAL), and Wells Fargo (WFC).
Below is the schedule of key market events for the week ahead. Please note that some data may not be available due to the government shutdown. All economic dates are tentative and subject to change.
Columbus Day is on Monday, Oct. 13, with Philadelphia Fed President Anna Paulson set to deliver remarks. Markets will operate as normal.
The National Federation of Independent Business' (NFIB) optimism index is due out on Tuesday, Oct. 14. Fed governors Michelle Bowman and Christopher Waller will speak, followed by Boston Fed President Susan Collins.
The CPI and core CPI reports for September are slated for release on Wednesday, Oct. 15. The Empire State manufacturing survey and the Fed's Beige Book are both on tap as well, before comments from Atlanta Fed President Raphael Bostic.
Thursday, Oct. 16, brings retail sales data, in addition to last month's PPI and core PPI readings. The usual round of weekly jobless claims data is also due, alongside business inventories and the home builder confidence index. Plus, Fed governor Stephen Miran will speak.
The week wraps up with housing starts, building permits, and the import price index on tap Friday, Oct. 17. Wall Street will also be eyeing industrial production and capacity utilization data.
