Weekly Schedule

The key reports this week are July New and Existing Home Sales.

Fed Chair Jerome Powell speaks on Friday at the Jackson Hole Symposium.

Also this week, the BLS will release the preliminary employment benchmark revision, and the CBO will release updated budget and economic projections

----- Monday, Aug 19th -----

No major economic releases scheduled.

----- Tuesday, Aug 20th -----

No major economic releases scheduled.

----- Wednesday, Aug 21st -----

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

Existing Home Sales10:00 AM: Existing Home Sales for July from the National Association of Realtors (NAR). The consensus is for 5.39 million SAAR, up from 5.27 million last month.

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

Housing economist Tom Lawler expects the NAR to report 5.40 million SAAR.

10:00 AM: the Bureau of Labor Statistics (BLS) will release the preliminary estimate of the upcoming annual benchmark revision.

11:00 AM: CBO to Release Updated Budget and Economic Projections

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

2:00 PM: FOMC Minutes, Meeting of July 30-31, 2019

----- Thursday, Aug 22nd -----

8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, down from 220 thousand last week.

11:00 AM: the Kansas City Fed manufacturing survey for August.

----- Friday, Aug 23rd -----

New Home Sales10:00 AM: New Home Sales for July from the Census Bureau.

This graph shows New Home Sales since 1963. The dashed line is the sales rate for last month.

The consensus is for 645 thousand SAAR, down from 646 thousand in June.

10:00 AM: Speech, Fed Chair Jerome Powell, Challenges for Monetary Policy, At the Jackson Hole Economic Policy Symposium: Challenges for Monetary Policy, Jackson Hole, Wyo.