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Welcome to the week -- business I'm Christina Scotty in New York.
Next week is all about the Fed and -- will begin raining -- on its 85 billion dollar month bond buying program.
On Tuesday the Federal Reserve's policy setting committee needs.
And after finishing on Wednesday.
Fed Chairman Ben Bernanke will speak.
And the street will be anxiously awaiting any news.
The Federal Reserve has been trying to energize the -- economy by encouraging borrowing -- spending and investing.
With easy money policies like quantitative easing.
Many analysts have predicted at ten billion dollar tapering -- after weaker than expected August jobs numbers reported last week the Fed may reconsider.
Also next week housing news is out housing starts are reported Wednesday an existing homes -- on Thursday.
July data shows the housing market continues to strengthen with sales of previously owned homes jumping six point 5% from June.
As buyers locked in low interest rates.
According to the national association of real -- the annual sales rate in July was five point 39 million.
Seventeen point 2% higher than a year ago.
Other important reports to watch for include the latest industrial production data on Monday the Philadelphia fed survey on Thursday.
And the Consumer Price Index on Tuesday.
US consumer prices rose point 2% last month because of gains in gasoline housing clothes and food.
That's it for the week ahead in business in New York Christina Scotty Fox Business.
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