US: Full slate of high frequency data in the week ahead - BBH

Research Team at BBH, suggests that the Trump's election shifts the focus away from the high frequency data, though there is a full slate in the week ahead. 

Key Quotes

“After the US employment data, the next tier of data that reveal the strength of the economy, retail sales, industrial output, and consumer prices, are all reported next week.   Headline retail sales are expected to be lifted by autos and higher gasoline prices and match September's 0.6% increase.  However, the more important measure that strips these away, alongside a few other items, like building materials is expected to rebound to 0.4% from 0.1% in September.” 

“Core CPI is expected to be steady at 2.2%.  Industrial production and manufacturing production are expected to edge higher.   Of note, Yellen testifies before the Joint Economic Committee of Congress on November 17.  Her remarks are unlikely to deviate from the substance of the recent FOMC statement.”