Fed meeting, housing, manufacturing data on tap for week ahead
WEEKLY MARKET COMMENTARY |
This week will provide investors with a heavy slate of data that will offer fresh information on pricing conditions in the housing sector, manufacturing activity, consumer sentiment, the pace of firings and total vehicle sales.
U.S. economic data continues to disappoint relative to forecasts. However, compared to some of the more bullish forecasts for an above-4 percent rate of growth in the current quarter, it is clear that the data has rebounded in line with our expectation for closer to 3 percent growth.