New figures on U.S. job openings, consumer credit, consumer prices, and initial unemployment claims are scheduled for release next week but the government shutdown should figure even more prominently.
Investors will be paying close attention to the release of the minutes of the last Fed meeting for any clues as to future policy moves. Strong numbers on job growth and wages released last week should keep the Fed on pace for additional rate hikes. Overseas, China releases a batch of new data including GDP, producer prices, consumer prices, and trade, while German industrial production, retail sales, and trade will also be in focus. Have a great week and don’t miss next week’s ISRI Market Report for a recap of the week’s key economic, trade, commodity, and scrap market highlights!
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