The Marked Chart Wire · Economy and the Fed
Inventories
US business inventories rise 0.4% in September, matching forecast
US business inventories grew 0.4% in September, matching the forecast and slowing from the previous month's 0.8% gain.
More Economy and the Fed news
Fed
Trump and Warsh public feud raises Wall Street concerns
A public disagreement between President Trump and Federal Reserve Chair Kevin Warsh is escalating, potentially creating uncertainty for financial markets.
Consumer Sentiment
University of Michigan consumer sentiment rises above expectations in October
The University of Michigan consumer sentiment index rose to 48.0 in October, beating the 46.3 forecast and the 46.3 reading from the prior month. One-year and five-year inflation expectations held steady at 4.7 percent and 3.5 percent.
PMI
US services activity slows in October as PMI falls below forecast
The S&P Global flash services purchasing managers index fell to 57.9 in October, below the 58 forecast and down from 58.8 in September.
Manufacturing PMI
US manufacturing activity expands faster than expected in October
The flash S&P Global manufacturing PMI for October came in at 56, beating the 55.5 forecast and the 55.9 reading from September.
Retail Sales
Canadian retail sales rise 1.2% in october
Canadian retail sales increased 1.2% in October, exceeding the forecast of 1.3% but missing the previous month's -0.7% decline.
Fed
Federal Reserve October inflation forecast raises concerns for Wall Street
The Federal Reserve released its latest October inflation forecast, which has drawn concern from investors despite recent record highs in major stock indexes.
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