What to Look Out for in Economic Data This Week (November 9-13)

Inflation is top of mind on the economic calendar, with several updates on this side of the Federal Reserve's dual mandate slated for release. The data arrive as several Fed officials speak throughout the week, with Wall Street watching for clues on whether the central bank will raise interest rates in December, as it did in September, or pause again as it did in October.

Economic reports we're watching:

Tuesday, November 10: Consumer Price Index (CPI) and core CPI: Economists believe headline inflation moderated in October as gas prices eased.

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Read on to see the entire weekly economic calendar of the most important upcoming economic reports scheduled to be released in the next several days. At times, we provide expanded previews and recaps for select reports.

Please check back often. This economic calendar is updated regularly. Bolded reports are those considered more noteworthy. All reporting times are in Eastern Time.

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Monday (11/9)

Tuesday (11/10)

Economic calendar preview: October CPI

Headline inflation came in red-hot in September, with higher gas and fuel prices the main catalyst behind CPI's 3.7% year-over-year rise.

And with energy costs likely to stay elevated as the situation in the Middle East remains unresolved, David Payne, staff economist and reporter for The Kiplinger Letter, believes the annual CPI rate will end the year at 4%, while core CPI, which excludes volatile food and energy prices, will be at 2.7%.

As for October, Barclays economist Pooja Sriram believes inflation likely moderated from the month prior. "We forecast headline CPI to have risen 0.2% month over month, about 40 basis points lower than the September increase," she says. "We expect part of this reprieve to come from energy, led by gasoline prices, which fell about 1% m/m. We also expect a moderation in core CPI inflation after two consecutive months of upside surprises."

The results will help determine whether the Fed hikes or pauses in December. According to CME Group FedWatch, futures traders are currently pricing in 81% odds the central bank will raise rates by a quarter-percentage point next month.

Wednesday (11/11)

There are no economic reports scheduled for release on Wednesday, November 11. Note that this is Veterans Day, and while the bond market will be closed, this is not a stock market holiday.

Thursday (11/12)

Friday (11/13)

Reporting schedules are provided Forex Factory and MarketWatch.

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