Economic Calendar for the week starting 22Aug22
Economic Calendar
Home sales (new and pending) in the US will be an interesting area to monitor as we read of more families backing out of their home purchases. Be it the rising interest rates or reduced disposable income, we are seeing more cancellations. This has brought duress to the market, especially home builders.
Crude Oil inventories can be seen as a future indicator of consumption. If the demand for oil decreases, we can expect that consumption and production to reduce. While there is relief in fuel prices, the greater concern is recessionary.
The initial jobless claims will be watched closely by the Federal Reserve too. It will provide an important guidance for the coming interest rate adjustment as the Fed seeks to balance unemployment with inflation.
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