On Monday, a report may show builder confidence continued to climb this month. The National Association of Home Builders/Wells Fargo index probably rose to 20 from 19, economists surveyed said. It would be the seventh straight increase. While higher, readings less than 50 still signal that most respondents view conditions as poor.
Finally, a US Labor Department report to be released tomorrow could show wholesale prices were unchanged last month, compared with a 1.7 percent increase a month earlier. Excluding food and energy, prices increased 0.1 percent, compared with a 0.2 percent gain in August, the survey said, indicating inflation isn’t a risk as the economy recovers.
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