On Monday, the Federal Reserve Senior Loan Officer Opinion Survey on Bank Lending Practices for October will probably be released. This survey was available for the FOMC meeting last week, and tight lending standards and weak loan demand is probably one of the reasons the FOMC expects economic activity “to remain weak for a time”. This will also be a busy week for Fed Speak. We might get somewhat different economic outlooks on Tuesday from San Francisco Fed President Dr. Janet Yellen in the morning and Dallas Fed President Richard Fisher in the evening. Dr. Yellen will be the keynote speaker at the Lambda Alpha International Fall Real Estate Seminar in Phoenix. She is expected to discuss the economic outlook with an emphasis on real estate. In the evening, Richard Fisher will speak at the Headliners Club of Austin, Texas. Last week on the economy: ISM Manufacturing Index showed expansion in October, from the ISM: October 2009 Manufacturing ISM Report On Business® ISM Service (Non-Manufacturing) also showed expansion in October, from ISM: October 2009 Non-Manufacturing ISM Report On Business® Construction spending increased in September.

Read more here – Summary and a Look Ahead