Economic Events on September 19, 2012

Federal Reserve Chairman Ben Bernanke will meet privately with the Senate Finance Committee to discuss economic policy and the fiscal cliff.

The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.

At 8:30 AM Eastern time, the Housing Starts report for August will be released.  The consensus is that construction on 768,000 new homes were started last month, which would be an increase of 22,000 from the previous month.

At 10:00 AM Eastern time, the Existing Home Sales report for August will be released.  The consensus is that existing homes were sold at an annual rate of 4.55 million last month, which would be an increase of 80,000 from the previous month.

At 10:30 AM Eastern time, the weekly Energy Information Administration Petroleum Status Report will be released, giving investors an update on oil inventories in the United States.

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