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The
updates include fresh data on the health of the services sector,
unemployment and consumer sentiment. Those reports can help give
investors and economists more insight into how businesses and
households are adapting to persistently high inflation. The
minutes from the Fed's last meeting will also give Wall Street
more details about the central bank's decision-making process
for interest rate policy.
On Monday, the Institute for Supply Management will releases its
monthly service sector index for September. The sector makes up
the bulk of U.S. economic activity, and the report focuses on
whether it is expanding.
On Wednesday, Wall Street will get more details on the
decision-making process behind the Fed's interest rate increase
at its previous meeting. The minutes from that meeting could
provide insight into what the central bank thinks about
inflation and the job market and how they factor into interest
rate policy.
On Thursday, Wall Street will get its weekly update on
unemployment claims, which remain historically low. They are a
proxy for layoffs, and economists watch them because they can be
a sign of where the job market is headed.
On Friday, the University of Michigan releases its consumer
sentiment survey for October. It measures how consumers feel
about the economy. The September survey showed that households
are worried about higher fuel prices and stubbornly high
inflation.
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