|00:01||Manpower survey||Q1 hiring plans may tick up slightly|
|06:00||NFIB index||Slight increase from strong October reading|
|08:30||PPI final demand||Third straight 0.4% increase|
|11:30||4-week bill auction||$45 billion offering|
|13:00||30-yr bond (r) auction||$12 billion|
|14:00||US budget||CBO estimates a deficit of $134 billion for November|
The NFIB’s small business optimism index is likely to be flat or up slightly this morning. The headline producer price index will get a boost from energy prices in November.
Today’s bill auction: 4-week bills
Today’s coupon auction: 30-year reopening
Chair Yellen is likely to keep things simple in her final quarterly press conference. The FOMC will stay on schedule with another rate hike, and we don’t expect any fireworks in the messaging that accompanies this week’s policy move.