- Other Reports Beside the Fed This Week

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Other Reports Beside the Fed This Week

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12% Letter pick McDonald's (MCD) hit an all-time high this week. It increased same-store sales 8.2% on cappuccinos and $1 double cheeseburgers in the U.S. and chicken in Europe and Asia... Analysts estimated 5% sales growth. McDonald's has increased its sales for 55 consecutive months. Tom's readers are up 50% on the recommendation in a year.
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Other Reports Beside the Fed This Week

Monday, 17 September 2007

Rick Pendergraft
Obviously the most important report of the week is the FOMC meeting, but there are other reports that will move the market this week.
The inflation reports that the Fed has been tracking so closely (Producer Price Index and Consumer Price Index) will be released on each side of the Fed meeting. Analysts are expecting a slight decline in the PPI, compared to a 0.6-percent increase in July.

As for the CPI, analysts expect a flat reading after the slight increase in July. You can bet that the Fed will have an advanced look at these numbers so that they can be taken into account during the meeting.

Wednesday morning will be busy with CPI, housing starts, and building permits. It will also be the first opportunity to trade after digesting the Fed news, so look for it to be very volatile.

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Thursday we will see the growth barometers of leading indicators and the Philly Fed survey. These reports may get lost in the shuffle, but you should keep an eye on them nonetheless. Leading indicators are expected to be flat after a 0.4-percent rise in July. The Philly Fed survey is expected to increase ever so slightly after a flat reading in July.

Source : Investor's Daily Edge

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