Fed meeting, housing data, initial jobless claims: What to Watch

00:00 Speaker A

All right, time out for what to watch Wednesday, June 18th. Starting off on the Fed, the Fed’s FOMC meeting wrapping up tomorrow, culminating with its interest rate decision for June. Wall Street largely expecting the Fed to hold rates steady in June, according to the CME FedWatch tool. Fed chair Jerome Powell giving a press conference after that decision. And Yahoo! Finance will be starting coverage tomorrow at 2:00 p.m. Eastern.

00:28 Speaker B

Moving over to housing, we’ll be getting some fresh data in the morning with housing starts and building permits. Economists anticipating housing starts will decline compared to last month to an annual pace of 1.3 million, while building permits tick up to 1.43 million.

00:44 Speaker A

And taking a look at the labor force, weekly initial jobless claims data coming out in the morning. That number’s expected to fall to 245,000, signaling some more resiliency in the job market.

00:55 Speaker B

And we’ll also get some earnings tomorrow, including Smith & Wesson and Aurora Cannabis.