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On Tuesday, September 19, the market will turn its attention to housing starts and building permits data. These statistics offer a comprehensive view of the housing market’s health and can impact decision-making in construction and related industries.
The main event of the week will be on Wednesday, September 20, as all eyes will be on the Federal Reserve’s interest rate decision. The Fed Chair Jerome Powell is scheduled to hold a press conference immediately following the announcement. This decision is anticipated globally as it holds substantial implications for financial markets worldwide.
The following day, Thursday, September 21, will see a barrage of economic data being released. This includes jobless data, results from the Philadelphia Fed manufacturing survey, current account deficit figures, leading economic indicators, and existing home sales numbers.
Finally, on Friday, September 22, the S&P flash U.S. services and manufacturing purchasing managers’ indexes (PMI) are due for release. These indexes serve as crucial indicators of economic health within both the service sector and manufacturing industry.
Throughout this period, several major companies including Autozone, Darden Restaurants (NYSE:DRI), FedEx (NYSE:FDX), General Mills (NYSE:GIS), KB Home (NYSE:KBH), and Stitch Fix (NASDAQ:SFIX) are expected to present their quarterly reports. However, it should be noted that all these dates are tentative and may change.
These events collectively provide valuable insights into different facets of the economy and can significantly shape investment strategies. As such, they are likely to be closely watched by investors and analysts alike.
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