Expect updates on the housing and retail markets as well as the minutes of the most recent Federal Reserve meeting.
The National Association of Home Builders releases its November housing-market index. The index is expected to stay at the same level of 55. Builders lost confidence in the economy after the federal government shutdown, but the housing market continues to be a bright spot in the economic recovery.
Fed Chairman Ben S. Bernanke is scheduled to speak to the Washington chapter of the National Economists Club.
The consumer price index for October — a monthly measure of inflation — is released at 8:30 a.m. The index is expected to remain flat, after an increase of 0.2 percent the previous month.
Retail sales figures for October will be out at the same time. Ahead of the crucial holiday season, sales (excluding automobiles and gas) are expected to rise by 0.2 percent. They rose by almost half a percent last month.
Sales of existing homes in October are forecast to fall by nearly 3 percent, to 5.2 million homes. They fell by 2 percent the previous month, because of rising mortgage rates.
At 2 p.m, the minutes of the most recent Federal Reserve meeting will be released. The Fed did not announce any change to its economic stimulus program after the meeting. The minutes will offer insight into the panel’s thoughts about the economic recovery going forward.
September business inventories are forecast to increase by 0.3 percent, the same rate as the previous month.
Analysts expect the number of weekly jobless claims to fall to 335,000, from 339,000 last week.
The producer price index for October is projected to fall by 0.2 percent. It declined by 0.1 percent the previous month.
The Job Openings and Labor Turnover Survey for October — which was delayed by the shutdown — is released.