Walmart and Target Earnings, Inflation and Retail Sales Data, and More to Watch This Week

The late innings of third-quarter earnings season and October inflation data will be this week’s highlights. Budget wrangling in Congress will also be in the headlines, with a Friday deadline to avoid a federal government shutdown.

Other economic data coming out this week will include the National Federation of Independent Business’ Small Business Optimism Index for October on Tuesday, the Census Bureau’s retail sales for October on Wednesday, and some housing-market indicators on Thursday and Friday.Tuesday 11/14 Home Depot and On Holding announce earnings.

The Census Bureau reports retail sales data for October. Consensus estimate is for consumer spending to decline 0.4% month over month. Excluding autos, sales are expected to fall 0.2%. This compares with increases of 0.7% and 0.6%, respectively, in September.

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