The Week Ahead: Lots of Data, and FOMC, Should be very Interesting
TodayOverall industrial production gained close to expectations while the manufacturing component notably topped forecasts. Overall industrial production posted a 0.4 percent increase in August, following no change in July (originally unchanged). Analysts projected a 0.5 percent jump for August.
Tuesday:Consumer Price Index, Prior0.2%, Consensus 0.1%.
Wednesday:Housing Starts, Prior0.896M, Consensus 0.915M.FOMC Meeting Announcement, andForecastsat11:00 a.m. PST. Chairman Press Conference right after announcement.
Thursday:Jobless Claims, Prior292K, Consensus341K. Existing Home Sales, Prior5.390 M, Consensus5.255 M. Philadelphia Fed Survey, Prior9.3, Consensus10.0.
Friday:Quadruple Witching
Dow is trading at 15,541 +163 the 10 yr bond is at 2.79 from 2.89 Friday, . Currently point structure is lowerfrom Friday
Conv. - 4.5%
FHA. - 4.25%
Have a great week!
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