Economy Week Ahead: U.S. Sentiment and Housing-Sector Readings
By WSJ Staff
A key reading on the health of the housing market comes out on
Thursday of this week, and the Federal Reserve will release minutes
offering insight into its recent decision to cut interest
Monday: A gauge of home-builder sentiment, the National
Association of Home Builders' survey, will be released ahead of the
closely watched existing-home sales data later in the week.
Cleveland Federal Reserve President Loretta Mester is due to speak
at the University of Maryland.
Tuesday: The U.S. Commerce Department releases data on housing
starts, a measure of new-home construction. Economists expect
starts in October climbed 3.5% from the prior month. New York
Federal Reserve Bank President John Williams speaks Tuesday at a
conference in Washington, D.C.
Wednesday: Minutes from the Federal Reserve's Oct. 29-30 policy
meeting, at which the Fed cut rates by a quarter-percentage-point,
are set to be released. The minutes will be reviewed for clues
about the direction of future policy, although Fed Chairman Jerome
Powell has signaled comfort with the central bank's current
interest-rate stance in comments since the meeting.
Thursday: The Labor Department releases jobless claims, and the
National Association of Realtors puts out existing-home sales data
for October which are expected to show a 2.2% increase from the
prior month. Recent reports have signaled lackluster performance in
the housing market, due to low inventory and high prices. A speech
by Cleveland Fed President Loretta Mester is scheduled for Thursday
morning, and Minneapolis Fed President Neel Kashkari will speak at
the Minnesota Chamber of Commerce.
Friday: The University of Michigan's final consumer sentiment
index for November is expected to tick slightly lower from earlier
in the month. For a look at activity in two key sectors, services
and manufacturing, IHS Markit will release manufacturing and
services purchasing managers' indexes for both the eurozone and the
(END) Dow Jones Newswires
November 17, 2019 15:14 ET (20:14 GMT)
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