The third week of the month tends to be action packed with key economic indicators. This week's batch should confirm that inflation remains on a moderating trend and that the economy continues to grow albeit at a slower pace than during Q3.
Unfortunately, on Monday, we will be reminded that this Goldilocks scenario has at least one big flaw, i.e., the widening federal deficit. In addition, we will see if October's FRBNY survey of consumers' inflationary expectations confirms the surprising jumps in the comparable measures from the consumer sentiment survey for early November released on Friday (chart).
