This week is full of potentially market-moving news. The Fed’s two-day meeting begins Tuesday, with their Monetary Policy Statement and press conference coming on Wednesday. June’s reading of the Fed’s favored measure of inflation, Personal Consumption Expenditures, will also be reported on Friday.
In housing news, look for an update on home price appreciation for May when the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index are reported on Tuesday. June’s New and Pending Home Sales follow on Wednesday and Thursday, respectively.
Also on Thursday, the latest Jobless Claims will be reported along with June’s Durable Goods Orders and the first look at GDP for the second quarter.