Economic indicators

Bullard addresses coronavirus and the economy, University of Michigan consumer expectations drop.

Inflation remains low, while initial jobless claims continue improving, but the coronavirus pandemic looms large.

While financial and economic shocks can't be prevented altogether, certain factors can worsen the shock, according to Federal Reserve Bank of Boston President Eric Rosengren.

The Conference Board's Employment Trends Index (ETI) gained to 97.57 in October from 96.33 in September, but remains 11.1% lower than a year ago, the group announced Monday.

The October employment report was stronger than predicted, with a 638,000 rise in nonfarm payrolls and a full percentage point decline in the unemployment rate, suggesting the economy continues to improve despite the rise in the number of COVID-19 cases.

Both the ADP employment report and the ISM services PMI came in below estimates, suggesting weakness in the recovery.

The economy will bounce back and stimulus will be provided no matter who is in charge, R.J. Gallo says.

Municipals were weaker in the 10-year range by as much as one basis point on Monday as all eyes fixate on election results.

No one expects any change to the fed funds rate target when the Federal Open Market Committee meets on Wednesday and Thursday, but that doesn’t mean there’s nothing to watch for.

Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August.