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The big news this week is likely to come out of the Federal Reserve as it weighs what to do next to revive the economy.
The never-ending horror story that is the U.S. housing market is expected to show more of the same in the newest data. Economists expect that August housing starts will have fallen 2.3 percent, to a 590,000 annual rate. That follows a 1.5 percent decline in July. Building permits, a forward-looking indicator, are also expected to have fallen, by 1.8 percent.
Zachary A. Goldfarb 19 Sep, 2011
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Source: http://feeds.washingtonpost.com/click.phdo?i=7b4d48f925a0cf6557ad5d51ff6e5512
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