Not a lot to get our teeth into this afternoon, and what there is comes in a flurry.
We get another look at “temporary” Canadian CPI data at the bottom of the hour. This month the beaver botherers are looking for a drop of 0.1% to 2.0% y/y and 0.1% vs 0.0% prior in the headline. The BOC core numbers are expected unchanged at 2.1% y/y with a drop to 0.2% vs 0.5% prior m/m.
Then we swing south for some US housing data. Housing starts are forecast to show a build of 1.004m from 0.956m in August with permits looking to rise to 1.029m from 1.003m prior
5 minutes after that, give or take a wig adjustment, coffee and energy drink sales rocket among the newshounds in Boston as Janet Yellen rocks up at the Boston Fed’s 58th economic conference on “The Inequality of of Economic Opportunity”. We’ll cover the spiel but you can catch her live here
To see out the week we have the October University of Michigan consumer survey flash at 13.55 gmt. 84.1 is expected in the headline number vs 84.6.
I doubt we’ll get anything amazing out of the Yellen speech as they will be prepared remarks and she tends not to drop in any comments on things currently happening in the market. We’ll be ready if she does though.
