Daily Market Update 10/14/15

Rates inched lower Wednesday following the release of weaker than expected economic data.  September Retail Sales rose a meager 0.1%.  Excluding autos, Retail Sales fell 0.3%, below the consensus forecast for a decrease of 0.1%.  In addition, August results were revised lower.  The September Producer Price Index (PPI) slid 0.5%, below expectations.  Core PPI, which excludes volatile food and energy components, fell 0.3%.  An increase of 0.1% had been expected.  Core PPI was a tame 0.8% higher than one year ago.  The Fed’s Beige Book, a survey of economic activity by the 12 regional Federal Reserve Banks, will be released at 2:00 PM.

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