Last week was relatively quiet for economic news—the few major reports released related to international trade and service sector and consumer confidence. The trade deficit narrowed as expected, while service sector and consumer confidence both increased by more than anticipated. This week, a little more action is forthcoming, as we’re expecting updates on consumer and producer inflation, retail sales, and industrial production.

Last week was jam-packed with economic updates, many of which beat expectations. Faster-than-expected GDP growth in the third quarter and a stronger-than-expected October employment report highlighted a week in which the Fed cut the federal funds rate by 25 bps. This week will be quieter, with notable releases on international trade, the service sector, and consumer confidence.

Last week’s economic updates largely disappointed, with housing sales, durable goods orders, and consumer confidence all declining. Upon closer inspection, however, we found some positive developments, with continued year-over-year housing growth as a highlight. This week will be very busy, with the Fed’s October rate-setting meeting, the first report on third-quarter GDP growth, and the October jobs report all on the docket.

Last week, important updates on retail sales, home builders, and industrial production yielded mixed results. This week, we’re expecting some more ups and downs, with updates to come on home sales, durable goods, and consumer confidence.  

Last week’s news focused on inflation, consumer confidence, and the minutes from the Fed’s most recent meeting. This week will be another busy one, with reports on retail sales, housing, and industrial production scheduled.  

For the most part, last week’s news came in worse than expected, with notable declines in business confidence and a lackluster employment report drawing the most attention. This week will be busy, with updates on producer and consumer inflation, minutes from the Fed’s most recent meeting, and a consumer confidence survey all scheduled for release.

Last week was a mixed bag for economic data reports. Disappointing results for consumer confidence and spending offset strong new home sales and durable goods orders. This week will be busy, with September’s reports on business confidence and new jobs set to be released. We’ll also see August’s international trade report.