Today's Economic Data Docket - PPI And TICS, Both To Largely Ignored In Headline Avalanche

The September PPI and speeches from Fed officials

8:30: Producer Price Index (September): Large headline gain. Goldman forecasts that the September Producer Price Index (PPI) increased by 0.5% (month-over-month) on a sizable gain in energy prices; also core PPI rose by 0.2%, a slight acceleration from August.
PPI: GS: +0.5%; Consensus: +0.2%; Last Flat.
Core PPI: GS: +0.2%; Consensus: +0.1%; Last +0.1%. MAP: 2
9:00: TICS net inflows (August). Foreign inflows into long-term US securities have cooled this year. Reduced net purchases of Treasuries accounted for most of the slowing, though agencies and corporate bonds also saw lower net inflows. Watch for any impact of heightened market volatility on cross border investment flows.
Consensus: -$20bn; Last +$9.5bn.
10:00: Housing Market Index (October): Likely still low. This index remains in the mid teens, where it has been for most of the past three years.
Consensus: 15; Last 14. MAP: 1
13:15: Federal Reserve Chairman Ben Bernanke on “The Effects of the Great Recession on Central Bank Doctrine and Practice”. No Q&A.
18:30: Atlanta Fed President Dennis Lockhart on the economy.


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