Wednesday: Retail Sales, FOMC Meeting, Homebuilder Confidence

by Calculated Risk on 9/15/2020 09:00:00 PM

Here is my FOMC Preview

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

• At 8:30 AM, Retail sales for August will be released.  The consensus is for a 1.0% increase in retail sales.

• At 10:00 AM, The September NAHB homebuilder survey. The consensus is for a reading of  78, unchanged from 78 in August. Any number above 50 indicates that more builders view sales conditions as good than poor.

• At 2:00 PM, FOMC Meeting Announcement. No change to policy is expected at this meeting.

• At 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.

• At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

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