It now appears that today’s only scheduled economic report (September's Leading Economic Indicators) is also going to fall victim to the government shutdown. The Conference Board has now announced that the report will be delayed due to the need for some of the missing governmental economic data to accurately compile their LEI. This means it will be posted at a later date, sometime after the delayed government reports are actually released to the public.
Now that government workers are returning to their desks, we are starting to get revised posting dates for the economic data that was delayed during the shutdown. The biggest one is September’s Employment report that will be posted early Tuesday morning. It was also announced that October’s report will be delayed one week, from the 1st of November to the 8th. Other reports have also been added to the calendar, including the key inflation readings we get from the Producer Price Index (PPI) and Consumer Price Index (CPI), which are now set for the end of this month. We will also be looking for updated release dates for September’s Retail Sales data and quarterly GDP figures that tend to heavily influence the markets. As they are announced, we will incorporate them into our daily and weekly commentary reports.
Next week does have some important economic data set for release, including Tuesday’s Employment report. There is data being posted Monday that could impact mortgage rates. Late Monday morning, the National Association of Realtors will post September’s Existing Home Sales data that measures housing sector strength by tracking home resales during the month. My most recent calendars show data being released four of the five days next week with Wednesday as the only exclusion. Look for up to date details on next week’s events in Sunday’s weekly preview.
I am suggesting to lock your rate in the event there a big shifts in the market on Monday.
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