by Calculated Risk on 6/15/2019 08:11:00 AM
Saturday, June 15, 2019
The key reports this week are May housing starts and existing home sales.
For manufacturing, the June New York and Philly Fed manufacturing surveys will be released.
The FOMC meets this week, and no change to policy is expected at this meeting.
8:30 AM: The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of 10.0, down from 17.8.
10:00 AM: The June NAHB homebuilder survey. The consensus is for a reading of 67, up from 66. Any number above 50 indicates that more builders view sales conditions as good than poor.
8:30 AM ET: Housing Starts for May.
This graph shows single and total housing starts since 1968.
The consensus is for 1.240 million SAAR, up from 1.235 million SAAR in April.
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
During the day: The AIA's Architecture Billings Index for May (a leading indicator for commercial real estate).
2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.
2:00 PM: FOMC Forecasts This will include the Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate along with the quarterly economic projections.
2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 217 thousand initial claims, down from 222 thousand last week.
8:30 AM: the Philly Fed manufacturing survey for June. The consensus is for a reading of 14.0, down from 16.6.
10:00 AM: Existing Home Sales for May from the National Association of Realtors (NAR). The consensus is for 5.29 million SAAR, up from 5.19 million.
The graph shows existing home sales from 1994 through the report last month.
Posted by Calculated Risk on 6/15/2019 08:11:00 AM