Parsing the Fed, U.K. Outlook, Homes: Week Ahead Nov. 19-26
- Tyson, Hewlett-Packard release earnings; OPEC, APEC Meetings
- U.K.’s Hammond gives growth targets in key post-Brexit speech
Market participants will get their chance to parse the minutes of the U.S. Federal Reserve’s Nov. 1-2 policy meeting and gauge the eagerness of officials to raise interest rates in December, as markets widely expect. During her Congressional testimony on Nov. 17, Federal Reserve Chair Janet Yellen said a rake hike could be appropriate “relatively soon” as the U.S. economy continues to strengthen.
Sales of new and previously-owned U.S. homes probably probably eased in October while remaining close to a nine-year high. The sector’s outlook going into 2017 has turned uncertain amid a bond market sell-off following Donald Trump’s election victory and the spike in mortgage rates. The U.S. also will release data on durable goods orders, projected to show a pickup in demand.