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US Economic Calendar: Housing Sector and Industrial Production
When it comes to the US economic calendar, one key area to watch is the housing sector. Economists are predicting a decline in building permits in March after a rise in February, as well as a potential fall in housing starts following a significant surge the previous month. These housing sector indicators are considered leading indicators for the US economy, as they can influence consumer confidence, consumer spending, and demand-driven inflation.
Improvements in the housing market could have implications for the Federal Reserve and their decisions on interest rates. In light of better-than-expected retail sales figures, a strengthening housing sector could potentially delay a Fed rate cut. FOMC member Austan Goolsbee has expressed concerns about the impact of housing services inflation on headline inflation, and a further improvement in housing market conditions could exacerbate these effects.
According to the CME FedWatch Tool, the probability of a June Fed rate cut has decreased recently. This shift in expectations highlights the importance of staying informed and monitoring economic indicators for potential market impacts.
In addition to housing sector data, industrial production numbers are also a key focus. Economists are anticipating a rise in industrial production in March, following a slight increase in February.
Stay tuned to Extreme Investor Network for more insights and analysis on market trends and economic indicators that can help you make smart investment decisions.
