With a decrease in prices for goods offsetting an increase in prices for services, the Labor Department released a report on Friday showing producer prices in the U.S. were unexpectedly unchanged in September.
The Labor Department said its producer price index for final demand came in flat in September after rising by 0.2 percent in August. Economists had expected producer prices to inch up by 0.1 percent.
The report also said the annual rate of growth by producer prices slowed to 1.8 percent in September from an upwardly revised 1.9 percent in August.
Economists had expected the annual rate of producer price growth to dip to 1.6 percent from the 1.7 percent originally reported for the previous month.
At 9:45 am ET, Chicago Federal Reserve President Austan Goolsbee is due give opening remarks before the 18th Annual Community Bankers Symposium.
The University of Michigan is scheduled to release its preliminary reading on consumer sentiment in the month of October at 10 am ET. The consumer sentiment index is expected to inch up to 70.8 in October after rising to 70.1 in September.
At 10:45 am ET, Dallas Federal Reserve President Lorie Logan is due participate in a panel before the Federal Home Loan Bank of Dallas Women in Financial Services Conference.
Federal Reserve Board Governor Michelle Bowman is scheduled to speak before the 18th Annual Community Bankers Symposium at 1:10 pm ET.