???? Key Economic Events to Watch This Week ????

???? Key Economic Events to Watch This Week ????

All eyes are on the Federal Reserve this week as policymakers gather to deliberate on interest rates and future directions in light of persistent inflation concerns. According to recent findings from a Bloomberg survey of economists, the central bank is anticipated to maintain rates for the fifth consecutive meeting, while also projecting three potential rate cuts in 2024. Despite rates currently resting at a 23-year high, the Fed remains cautious, awaiting definitive signs of declining inflation before contemplating any policy adjustments. However, recent data indicates ongoing growth in both consumer and producer prices, complicating the decision-making process.

Key Dates to Note:

???? Tuesday, March 19:

The U.S. Census Bureau will release preliminary figures on new building permits issued by the government and new home sales in February, crucial indicators for the housing market.

???? Wednesday, March 20:

The Federal Reserve Open Market Committee will convene to decide on interest rates, a decision that carries significant implications across various sectors.

???? Thursday, March 21:

The U.S. Department of Labor will publish data on initial jobless claims for the previous week, offering insights into trends in layoffs and unemployment benefit filings.

The National Association of Realtors will issue its monthly report on existing home sales in February, providing valuable insights into the real estate market.

Keep an eye on these events as they unfold throughout the week, as they will provide valuable insights into economic trends and potential implications for businesses and investors alike.