This Week: Consumer confidence, 3Q GDP, Fed minutes
A look at some of the key business events and economic indicators upcoming this week:
EYE ON CONSUMERS
U.S. consumers have been feeling increasingly confident this year about the economy.
The Conference Board's index of consumer confidence climbed to 137.9 in October, the highest reading since September 2000. Consumers' spirits have been lifted by a strong labor market that has helped reduce U.S. unemployment to a five-decade low of 3.7 percent. The consumer confidence index for November is due out Tuesday.
Consumer confidence, by month:
June 127.1
July 127.9
Aug. 134.7
Sept. 135.3
Oct. 137.9
Nov. (est.) 136.9
Source: FactSet
SLOWER GROWTH?
Economists project that the U.S. economy grew at a slower rate in the third quarter.