Schedule for Week of March 19, 2023

by Calculated Danger on 3/18/2023 08:11:00 AM

The important thing studies this week are February New and Current Dwelling Gross sales.

The FOMC meets this week, and there’s some uncertainty on price hikes as a result of current banking points.

—– Monday, March twentieth —–

No main financial releases scheduled.

—– Tuesday, March twenty first —–

10:00 AM: Current Dwelling Gross sales for February from the Nationwide Affiliation of Realtors (NAR). The consensus is for 4.15 million SAAR, up from 4.00 million.

The graph exhibits present dwelling gross sales from 1994 by means of the report final month.

Housing economist Tom Lawler expects the NAR to report gross sales of 4.51 million SAAR for February (effectively above consensus).

—– Wednesday, March twenty second —–

7:00 AM ET: The Mortgage Bankers Affiliation (MBA) will launch the outcomes for the mortgage buy purposes index.

Throughout the day: The AIA’s Structure Billings Index for February (a number one indicator for industrial actual property).

2:00 PM: FOMC Assembly Announcement. The FOMC is anticipated to lift the Fed Funds price by 25bps at this assembly, though there’s some uncertainty as a result of financial institution points.

2:00 PM: FOMC Projections. It will embrace the Federal Open Market Committee (FOMC) members’ projections of the suitable goal federal funds price together with up to date financial projections.

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

—– Thursday, March twenty third —–

8:30 AM: The preliminary weekly unemployment claims report will probably be launched.  The consensus is for 190 thousand preliminary claims, down from 192 thousand final week.

8:30 AM ET: Chicago Fed Nationwide Exercise Index for February. It is a composite index of different information.

New Home Sales10:00 AM: New Dwelling Gross sales for February from the Census Bureau.

This graph exhibits New Dwelling Gross sales since 1963. The dashed line is the gross sales price for final month.

The consensus is for 650 thousand SAAR, down from 670 thousand in January.

11:00 AM: the Kansas Metropolis Fed manufacturing survey for March.

—– Friday, March twenty fourth —–

8:30 AM: Sturdy Items Orders for February from the Census Bureau. The consensus is for a 1.2% enhance in sturdy items orders.

10:00 AM: State Employment and Unemployment (Month-to-month), February 2023