Economy

That number is not inflation-adjusted. If CPI comes in at their economists' projected +0.1% for the month (CPI report comes out Tuesday), that means they are projecting that inflation-adjusted retail sales will be about -0.2%. Hmm. Retail sales comes out Wednesday along with the producer price index.

In the previous month the retail sales was +0.7% and about +0.3% in inflation-adjusted terms after that month's +0.4% inflation reading.

This will be inflation week + news stories about how resilient or not consumers are (retail sales).

The University of Michigan's Consumer Sentiment index, that came out Friday, Nov 10, have consumers expecting an INCREASE in 5 year inflation (from 3.0% to 3.2%). And according to this report, consumer sentiment is the lowest since May, after 4 straight weeks of declines)
https://finance.yahoo.com/news/stock-market-news-today-stocks-higher-after-fed-yields-break-8-day-winning-streak-143225367.html

Despite inflation clearly falling lately.