Forecasts for the Weeks of October 20 and 27

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Here are my forecasts for upcoming economic data.
	Forecast	Prior Observation	Consensus
Week of October 20
October 21
Existing Home Sales - September	5.09M	5.05	5.10
October 22
Consumer Price Index - September	0.0%'	-0.2	0.0
Core CPI	0.2	0.0	0.1
October 23
Initial Unemployment Claims	281K	264	280
PMI Manufacturing Flash Index	57.5	57.5	57.0
FHFA House Price Index - August	0.4%	0.1
Leading Indicators	0.7%	0.2	0.6
Kansas City Fed Manufacturing Index	6.0	6.0
October 24
New Home Sales - September	.465M	504	.470
Week of October 27
October 27
Pending Home Sale Index - September	104.7	104.7	105.0
Dallas Fed Manufacturing Index	11.5	10.8
October 28
Durable Goods Sales - September	0.1%	-18.2	0.7
S&P Case/Shiller Index - August
Twenty City M/M	0.4%	0.6	0.5
Twenty City M/M - SA	0.1	-0.5	0.2
Twenty City Y/Y	5.8	6.7
Consumer Confidence	88.4	86.0	87.7
Richmond Fed Manufacturing Index	10.0	12.0
October 29
October 30
GDP - Q3 (a)	2.8%	4.6	3.1
GDP Implicit Price Deflator	1.4	2.1	1.5
October 31
Personal Income - September	0.4%	0.3	0.3
Personal Spending	0.1	0.5	0.1
Employment Cost Index - Q3	0.4%	0.7	0.5
Employment Cost Index - Y/Y	2.0	2.0
Chicago PMI	59.5	60.5	59.5
Michigan Consumer Sentiment Index - October (r)	86.4	86.4
Peter Morici is a professor at the University of Maryland Smith School of Business, former Chief Economist at the U.S. International Trade Commission, and five-time winner of the MarketWatch best forecaster award.

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