Weekly Outlook: FOMC and Housing

The FOMC meets this week with virtually no chance of a fed funds rate increase. Very few traders are expecting one, according to CME Group’s Fed Watch Tool, but the language Fed governors use in their annoucement will be closely watched. In addition about a third of the S&P 500 reports earnings this week, and the latest Case-Shiller home price index will reveal where U.S. home values stand.

 

Economic Calendar:

Monday

Dallas Fed Mfg Survey 10:30 AM ET

Tuesday

FOMC Meeting Begins 08:00 AM ET

S&P Case-Shiller HPI 09:00 AM ET

Wednesday

FOMC Meeting Announcement 02:00 PM ET

Thursday

Kansas City Fed Manufacturing Index 11:00 AM ET

Friday

GDP 08:30 AM ET

San Francisco Federal Reserve Bank President John Williams Speech 09:30 AM ET

Consumer Sentiment 10:00 AM ET

Dallas Fed President Rob Kaplan Speech 1:00 PM ET

 

 Links: 

Crude oil in storage globally is difficult to track (Wall Street Journal)

Shell is moving from big oil to big gas (Bloomberg)

How Will the U.S. economy look on election day? (FiveThirtyEight)

U.S. firms are holding more cash (Financial Times – paywall)

4 reasons U.S. must stop digging the monetary policy hole (Yahoo Finance)

An economy slows down when it hesitates (Project Syndicate)

G-20 Finance Ministers are still interested in trade (CNBC)

A stampede of cash for emerging markets (CNN Money)

A look at 4-H in the suburbs (Daily Herald)

 

 

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