Wednesday 10/15 ... First Round Of Data In

By: Matthew Graham •
  • PPI
    • Headline Down .4%
    • Core UP .4% slightly higher than the expectation of .2%, which may act as somewhat of an inhibition to continued aggressive rate cuts, but CPI will need to add confirmation
  • Retail Sales
    • Headline Down 1.2%
    • Excluding Autos down .6%
    • Much worse than expected (-.7% headline), but so far MBS not reacting
  • Empire State MFG Survey
    • -24.62
    • Much worse than expected -7.41