Friday: Tanta's Birthday, Industrial Production, Empire State Mfg Survey

November 15th is my former co-blogger's birthday. Hard to believe it has been five years since she left us ... Happy Birthday Tanta!

Oh, Fed Chair nominee Janet Yellen was outstanding today (as expected). From the WSJ: Yellen Stands by Fed Strategy

The committee plans to vote on Ms. Yellen's nomination as soon as next week. She is expected to then win confirmation from the full Senate ...

I expect an easy confirmation.

Friday:
• At 8:30 AM ET, the NY Fed Empire State Manufacturing Survey for November. The consensus is for a reading of 5.5, up from 1.5 in October (above zero is expansion).

• At 9:15 AM, the Fed is scheduled to release Industrial Production and Capacity Utilization for October. The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 78.3%.

• At 10:00 AM, the Monthly Wholesale Trade: Sales and Inventories for September. The consensus is for a 0.4% increase in inventories.