Weekly Outlook: Housing and FOMC

It’s all about housing and the FOMC this week. The National Association of Home Builders showed improved confidence from U.S. builders today come out today, and the FOMC meets Tuesday and Wednesday. The week wraps up the week with a panel of Fed governors in Philadelphia on Friday.

Economic Calendar:

 

Tuesday:

FOMC Meeting Begins 08:00 AM ET

Housing Starts 08:30 AM ET

Wednesday:

Fed Chair Press Conference 02:30 PM ET

Thursday:

Chicago Fed National Activity Index 08:30 AM ET

Existing Home Sales 10:00 AM ET

Leading Indicators 10:00 AM ET

Friday: 

Atlanta Fed Business Inflation Expectations 10:00 AM ET

Panel with Fed Presidents Patrick Harker, Dennis Lockhart and Loretta Mester 12:00 PM ET

 

Links:

The Extraordinary Intimary Between the Ultra-Rich and Their Wealth Managers (The Atlantic)

America’s Monopoly Problem (The Atlantic)

Brexit Banks Risk Finding No Offices If Quitting City for EU (Bloomberg)

The Curious Case of Rising US Oil Imports (Financial Times)

How The Oil and Gas Industry Awakened Oklahoma’s Sleeping Fault Lines (FiveThirtyEight)

Why the Stimulus from Low Oil Prices Never Really Boosted the Economy (Wall Street Journal)

Divided Federal Reserve Is Inclined to Stand Pat (Wall Street Journal)

Where Hillary Clinton and Donald Trump Land on Food and Farming Issues (Modern Farmer)

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