And this will be the last full week of trading before we get into the holiday season.
The results between now and New Year's may hint at what may happen in 2011.
The economic events start in a big way on Tuesday.
The big kahuna will be the Federal Reserve's decision on interest rates and monetary policy, due at 2:15 p.m. ET. The Fed has been highly criticized by China, Germany and other exporting countries because they fear the central bank's plan to buy in $600 billion in bonds by June will push the dollar lower, hurt their markets and cause inflation.
What the Fed will probably say is that it will complete the plan. It won't change interest rates. It will suggest that the economic recovery is proceeding, but joblessness remains a national crisis.
Due Next Week:
Retail sales for November, due Tuesday from the Commerce Department.
Producer Price Index for November, due Tuesday from the Labor Department.
Consumer Price Index for November, due Wednesday from the Labor Department.
Industrial production for November, due Wednesday from the Commerce Department.
Empire Manufacturing Survey and Philadelphia Federal Reserve Bank's manufacturing index. Both for December. The first is due Wednesday from the New York Federal Reserve Bank; the latter comes Thursday.
The results between now and New Year's may hint at what may happen in 2011.
The economic events start in a big way on Tuesday.
The big kahuna will be the Federal Reserve's decision on interest rates and monetary policy, due at 2:15 p.m. ET. The Fed has been highly criticized by China, Germany and other exporting countries because they fear the central bank's plan to buy in $600 billion in bonds by June will push the dollar lower, hurt their markets and cause inflation.
What the Fed will probably say is that it will complete the plan. It won't change interest rates. It will suggest that the economic recovery is proceeding, but joblessness remains a national crisis.
Due Next Week:
Retail sales for November, due Tuesday from the Commerce Department.
Producer Price Index for November, due Tuesday from the Labor Department.
Consumer Price Index for November, due Wednesday from the Labor Department.
Industrial production for November, due Wednesday from the Commerce Department.
Empire Manufacturing Survey and Philadelphia Federal Reserve Bank's manufacturing index. Both for December. The first is due Wednesday from the New York Federal Reserve Bank; the latter comes Thursday.
Initial jobless claims, due Thursday from the Labor Department.
Housing starts, due Thursday from the Commerce Department.
Housing starts, due Thursday from the Commerce Department.
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