The key economic reports this week are August Housing Starts and Existing Home Sales.

For manufacturing, August Industrial Production, and the September New York and Philly Fed surveys, will be released this week.

The FOMC is expected to cut the Fed Funds rate 25bps on Wednesday, and the Fed's Q2 Flow of Funds report will be released on Friday.

----- Monday, Sept 16th -----
8:30 AM ET: The New York Fed Empire State manufacturing survey for September. The consensus is for a reading of 4.9, up from 4.8.

----- Tuesday, Sept 17th -----
9:15 AM: The Fed will release Industrial Production and Capacity Utilization for August.

This graph shows industrial production since 1967.

The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to be unchanged at 77.5%.

10:00 AM: The September NAHB homebuilder survey. The consensus is for a reading of  66, unchanged from 66 in August. Any number above 50 indicates that more builders view sales conditions as good than poor.
----- Wednesday, Sept 18th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

8:30 AM: Housing Starts for August.

This graph shows single and total housing starts since 1968.

The consensus is for 1.250 million SAAR, up from 1.191 million SAAR.

During the day: The AIA's Architecture Billings Index for July (a leading indicator for commercial real estate).

2:00 PM: FOMC Meeting Announcement. The Fed is expected to lower the Fed Funds rate 25bps 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.

----- Thursday, Sept 19th -----
8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 214 thousand initial claims, up from 204 thousand the previous week.

8:30 AM: the Philly Fed manufacturing survey for September. The consensus is for a reading of 11.3, down from 16.8.

10:00 AM: Existing Home Sales for August from the National Association of Realtors (NAR). The consensus is for 5.38 million SAAR, down from 5.42 million in July.

The graph shows existing home sales from 1994 through the report last month.

----- Friday, Sept 20th -----
10:00 AM: State Employment and Unemployment (Monthly) for August 2019

12:00 PM: Q2 Flow of Funds Accounts of the United States from the Federal Reserve.