The Commerce Department reports on retail sales for September on Tuesday. The Federal Reserve issues its monthly industrial production report, for September, also on Tuesday. The National Association of Realtors issues its home sales report for September on Thursday.
Economists expect that Americans increased their purchases at retailers by 0.3% last month, which would mark a slowdown from August. Retail sales have been mostly edging higher through the second half of 2023. Wall Street will be closely watching for any signals that consumers are pulling back on spending.Stock market today: Asian shares sink as investors brace for Israeli invasion of GazaEconomists predict industrial production contracted by 0.
1% in September after edging higher in June and July. Wall Street will be looking for any impact from labor strikes at Ford, General Motors and Stellantis. The report will also provide insight into how certain sectors of the economy are faring amid pressure from inflation.Analysts expect single-family home sales slipped to a seasonally-adjusted annual rate of 3.88 million. Home sales have mostly eased since early 2023.
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