Economics
Yellen; U.S. Housing Data: Week Ahead Aug. 22-27
- Merkel makes the rounds in Europe; Glencore, Vanke earnings
- Fed chair’s comments will be parsed for interest-rate clues
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U.S. Fed Chair Janet Yellen speaks at the Federal Reserve Bank of Kansas City’s two-day Monetary Policy Symposium at Jackson Hole, Wyoming. Investors will be watching her remarks closely to gauge the likelihood of a rate hike in September. Follow the TOPLive blog for real-time coverage here.
The housing market remains on solid footing as Americans take advantage of cheap mortgage rates, based on economists’ forecasts ahead of a report in the coming week. Another report is projected to show orders for durable goods advanced in July on more bookings for commercial aircraft.