The Week Ahead: Fed minutes, Thanksgiving travel, Black Friday

Here’s a look at some of the stories Missouri Business Alert is tracking this week:

Monday

The Federal Reserve Bank of Chicago will release its National Activity Index, providing a measure of overall economic activity and inflationary pressure.

The championship round of college basketball’s CBE Hall of Fame Classic tips off in Kansas City. The annual event features semifinals Monday and finals Tuesday, and it includes a local contestant in the Kansas Jayhawks.

Tuesday

The National Association of Realtors will report existing home sales for October. Sales increased 3.2 percent in September.

Caleres, the St. Louis-based footwear maker, will report quarterly results and hold a conference call.

The Greater Kansas City Chamber of Commerce will host its annual dinner at the Kansas City Convention Center. The event includes the chamber’s presentation of its Kansas Citian of the Year award.

Other companies scheduled to report quarterly earnings include Barnes & Noble, Campbell Soup, Dollar Tree and Urban Outfitters.

Wednesday

The Federal Reserve Bank will release the minutes from the October meeting of its Federal Open Market Committee, providing additional detail about its decision to leave interest rates unchanged. Fed Chair Janet Yellen has signaled since then that the central bank is on track to raise interest rates at its December meeting.

The Census Bureau will report new home sales for October.

Companies scheduled to report quarterly earnings include Deere & Co. and Siemens.

Thursday

Markets are closed for the Thanksgiving holiday.

AAA projects the most travel for the holiday since 2007. Some 48.7 million Americans will travel 50 miles or more from home for Thanksgiving this year, a 1.9 percent increase over 2015, according to AAA.

Friday

It’s Black Friday, traditionally the biggest shopping day of the year across the U.S., and the National Retail Federation reports that 137.4 million people are planning or considering shopping over the weekend. That’s up slightly from 135.8 million people last year but down from 147 million in 2012 as factors including earlier holiday sales and online shopping take a bite out of Black Friday.

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