Sunday, October 16, 2005

Quick Overview

  • Consumer inflation made its biggest jump in 25 years in September after hurricane-related supply disruptions sent energy prices soaring

  • The University of Michigan's preliminary October index of consumer sentiment fell to 75.4, below the final September reading of 76.9 and below Wall Street's median forecast of an increase to 80.0.

  • The U.S. government has a $318.6 billion deficit for fiscal 2005

  • The U.S. Commerce Department said that retail sales were up 0.2% in September, less than expected.

  • U.S. industrial production was down 1.3% in September, the biggest drop in 23 years, blamed largely on Hurricanes Katrina and Rita.

  • The National Oilseed Processors Association said that 127.1 million bushels of soybeans were crushed in September.

  • Refco Is Shutting Biggest Unit and SEC Bars Withdrawals.

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