The Fed’s 2-day meeting begins Tuesday, with their Monetary Policy Statement and press conference following Wednesday afternoon. The Fed is expected to cut its benchmark Fed Funds Rate, with the question again being whether that cut will be 25 or 50 basis points.
We also have a full week of housing news with NAHB’s home builder confidence for this month being reported on Tuesday. August’s Housing Starts will be released on Wednesday and Existing Home Sales on Thursday.
Tuesday also brings Retail Sales for August while the latest Jobless Claims will be reported as usual on Thursday.