Weekly Outlook: Housing Market and FOMC Minutes

 

Along with the Fed minutes everyone will be watching on Wednesday, it will be a big week to gauge the health of U.S. housing. The National Association of Home Builders releases its look at the overall health of the housing market Monday, while Tuesday will give a measure of new home builds.

 

Economic Calendar

Monday:

U.S. Housing Market Index  10:00 AM ET

 

Tuesday:

U.S. Housing Starts 8:30 AM ET

 

Wednesday:

US: Consumer Price Index  8:30 AM ET

US: EIA Petroleum Status Report  10:30 AM ET

FOMC Minutes 2:00 PM ET

 

Thursday:

San Francisco Federal Reserve Bank President John Williams Speech 2:45 AM ET

U.S. Existing Home Sales 10:00 AM ET

 

Friday:

U.S.  Export Sales 7:30 AM CT

 

Links:

What does a devalued yuan mean for the rest of the world? (The Guardian)

Idle oil-by-rail cars need to be stored somewhere (Associated Press)

U.S. oil producers could be facing a cash crunch (CNBC)

Can the Fed justify an imminent rate hike? (CNBC)

How farmers are moving towards data (Wall Street Journal)

Japan’s economy shrank in the 2nd quarter (Reuters)

A slow revival of banks in India (Quartz)

Do consumers spend more when gas prices are lower? (Reformed Broker)

 

 

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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