The Federal Reserve’s policy statement and Chairman Jerome Powell’s press conference on Wednesday highlight this week’s slate of economic news.
TUESDAY
U.S. housing starts are expected to rebound in August as builders try to meet strong demand fueled by low interest rates, a desire for more space and millennials aging into prime homeownership years. Construction activity has been constrained much of the year as builders struggle with rising material costs, trouble attracting enough workers and difficulty securing a sufficient number of buildable lots.
