Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

All Eyes on Fed, Housing, Biden Meets the 'Killer:' 3 Things to Watch

Stock MarketsJun 15, 2021 21:05
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Christiana Sciaudone

Investing.com -- U.S. stocks spent almost the entire day in the red, with a drop in retail sales and an uptick in producer prices weighing on sentiment a day ahead of the Federal Reserve rate decision. 

The Fed's regular meeting began today, and the central bank is expected to announce unchanged interest rates and monthly bond purchases on Wednesday. But what we're all really looking for is any evidence of the bank's thinking on inflation and possible bond-buying tapering.  

Data earlier today showed that wholesale inflation jumped to record levels, a week after consumer prices rose to their highest level since 2008. But is it transitory?? Time will tell, my friends.     

Oil prices were the highest in three years on expected gasoline demand, despite disappointing demand from the Memorial Day weekend and unofficial start of road trip summer. 

In geopolitics, the world's heating up the popcorn to watch President Joe Biden meet Russia's Vladimir Putin. Here's hoping for a civil and peaceful discourse.

Here are three things that could affect markets tomorrow:

1. Decision Day 

The Federal Reserve and Jerome Powell take center stage. Rates are likely to stay put. Everyone will be looking for clues and clarity on when policy makers will begin to discuss tapering, whether the recent bump in inflation is still "transitory" and how the overall recovery is going. Powell takes questions after the decision at 2:00 PM ET (1800 GMT).

2. Housing starts

We get a look at the health of the housing market. Housing starts are expected to increase to 1.63 million in May, up from April's 1.57 million. Building permits and MBA mortgage applications are also due out at 8:30 AM ET.

3. 'Killer' meeting

Biden and Putin will have their first face-to-face meeting in Geneva, Switzerland. It's likely to be awkward, what with Biden having called Putin a "killer" in an interview earlier this year. Expect sanctions and cyber attacks to be high on the list of topics discussed. 

 

 

 

 

 

 

 

 

 



 

 

 

 

All Eyes on Fed, Housing, Biden Meets the 'Killer:' 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email