5 Things to Watch on the Economic Calendar This Week

19.09.2016 / 02:03

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1. Fed rate decision
The Federal Reserve is not expected to take action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET (18:00GMT) on Wednesday.
The central bank will also release its latest forecasts for economic growth and interest rates.

2. BOJ policy announcement
The Bank of Japan's latest rate decision is due during Asian hours on Wednesday. The BOJ will also publish a monetary policy statement, where it will present a comprehensive assessment of its policies.
Central bank Governor Haruhiko Kuroda will hold a press conference afterward to discuss the decision.
Speculation points to a possible interest rate cut deeper into negative territory, tweaks to its asset-purchase program or new rules on the duration of securities it will purchase in the bond market.

3. August U.S. housing data
The Commerce Department is to publish a report on housing starts and building permits for August at 8:30AM ET (12:30GMT) on Tuesday. The data could show that permits rose 2.5% to 1.170 million last month, while housing starts are forecast to decline 1.7% to 1.190 million.

4. Flash euro zone PMIs for September
The euro zone is to publish preliminary data on manufacturing and service sector activity for September at 08:00GMT (4:00AM ET) on Friday, amid expectations for a modest decline.

5. Reserve Bank of New Zealand rate review
The Reserve Bank of New Zealand’s monetary policy update is due at 21:00GMT (5:00PM ET) on Wednesday. Most market analysts expect the central bank to keep rates steady after cutting them by 25 basis points to a record low 2.0% last month.

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5 Things to Watch on the Economic Calendar This Week

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