Research Team at TDS, expects US industrial production to increase by 0.3% m/m in September, a touch above the market consensus for 0.2% m/m.
“Both TD and the market look for manufacturing production to be softer at 0.1% m/m. Meanwhile, Empire Manufacturing is expected by both TD and the market to return to positive territory in August following the sharp improvement in ISM Manufacturing. TD looks for the index to bounce to +2.0 while the market looks for a 1.0 print.
Turning attention to the Fed, Vice Chair Fischer will be speaking to the Economic Club of New York at 12:15 on the topic of low interest rates.”