The earnings calendar is relatively sparse this week. Homebuilder
reports on Monday, followed by
and Progressive release August sales data on Tuesday and Thursday, respectively.
The main event on the economic calendar is the Federal Open Market Committee’s September meeting, which concludes on Wednesday. A change in interest rates is unlikely, but Chair Jerome Powell may have more to say about the central bank’s monetary policy framework and willingness to let inflation run above 2%.
Economic data out this week include August retail sales from the Census Bureau on Wednesday. Consumer spending is expected to have climbed 1.3% from July. On Friday, the University of Michigan releases its September Consumer Sentiment Index and the Conference Board releases its Leading Economic Index for August.
Lennar reports quarterly results.
hosts a two-day virtual investor day to discuss its pipeline