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Week Ahead: The Fed and Housing

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Description
From the FOMC Committee meeting to new housing data, this is a look at news in business next week
Duration 1:05
Date Mar 15, 2013

This transcript is automatically generated

Welcome to the -- -- in business and Christine this got me in New York.

Next week the focus is on the -- and the housing market.

The central bank's policy setting board meet to discuss asset purchases interest rates at its overall economic forecasts.

FOMC begins its meeting on Tuesday and on Wednesday provides its policy statement and forecasts from the meeting.

Chairman Ben Bernanke will also hold a press conference on Wednesday.

The markets are always watching how long the -- is going to continue its aggressive asset purchase program called quantitative easing.

And hold interest rates at historic lows.

Also the housing market index is released on Monday which -- -- -- not only of demand for housing but of the economy's momentum.

And on Tuesday housing starts reported which indicates the pace at which new homes were constructed in February.

Existing home sales for that month -- released on Thursday.

In January US home resales edged higher from the previous month leaving the supply of homes at its lowest level in thirteen years.

That's it for the week had in business in New York I'm Christina Scott.