Economic Events and Analysis
Looking Ahead: Week of September 22 through 26
US Calendar: This week's focus is on housing and manufacturing. Last week's housing starts report notably disappointed and existing and new home sales will garner attention. Also, home price appreciation has softened and the FHFA home price report will add detail on strength in housing demand. Recent manufacturing data have been mixed with August industrial production soft but Empire State and Philly Fed for September somewhat positive. This week's durables report may add clarity regarding momentum at the national level.

Global Calendar: This week's data highlights will be the flash manufacturing PMIs for the Eurozone, China, Japan and the United States. Japan's August consumer price index will be studied for any sign of increased inflation.