Weekly Outlook: FOMC and Housing

FOMC minutes highlight the week’s economic events, but we will also see key data on housing this week. Measurements on new construction and existing home sales will be released, and both are expected to rebound. The latest consumer price index data for the United States will also be released Tuesday, with a slight uptick expected by analysts.

Economic Calendar:

Monday:

Minneapolis Federal Reserve Bank President Neel Kashkari Speech 7:00 PM ET

Tuesday:

Housing Starts 8:30 AM ET

Consumer Price Index 8:30 AM ET

San Francisco Federal Reserve Bank President John Williams Speech 12:00 PM ET

Dallas Federal Reserve Bank President Robert Kaplan Speech 1:15 PM ET

Wednesday:

FOMC Minutes 2:00 PM ET

Thursday:

Chicago Fed National Activity Index 8:30 AM ET

Bloomberg Consumer Comfort Index 9:45 AM ET

New York Federal Reserve Bank President William Dudley Speech 10:30 AM ET

Friday:

Existing Home Sales 10:00 AM ET

 

Links:

Could this be the end of the 3-month crude rally? (Bloomberg)

What will the Bank of England do if there is a Brexit? (Financial Times)

Economists are split about when the next Fed rate hike will come (Wall Street Journal)

Brazil’s businesses are putting off key decisions with impeachment looming (Bloomberg Businessweek)

A baby lull in the U.S. could affect long-term economic prospects (Wall Street Journal)

Brewers and bakers are battling for grain (Eater)

Private equity firms are investing in Japan’s food sector (Reuters)

Presidential campaigns raise money even after they’ve quit the race (The Economist)

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