by Calculated Risk on 10/17/2021 06:56:00 PM
o Schedule for Week of October 17, 2021
o At 9:15 AM ET, The Fed will release Industrial Production and Capacity Utilization for September. The consensus is for a 0.2% increase in Industrial Production, and for Capacity Utilization to increase to 76.5%.
o At 10:00 AM, The October NAHB homebuilder survey. The consensus is for a reading of 76, unchanged from 76 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.
Oil prices were up over the last week with WTI futures at $83.05 per barrel and Brent at $85.31 per barrel. A year ago, WTI was at $41, and Brent was at $41 – so WTI oil prices are up more than double year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.31 per gallon. A year ago prices were at $2.14 per gallon, so gasoline prices are up $1.17 per gallon year-over-year.