Obviously today is “Fed Day” as the world waits to see whether Bernanke & Co. will start to slow the pace of Large-Scale Asset Purchases (also known as QE).
In the meantime, there are a few other economic datapoints coming that could be interesting.
Here they are, via Calculated Risk:
• 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.
• At 8:30 AM, Housing Starts for August. The consensus is for total housing starts to increase to 915 thousand (SAAR) in August.
• During the day, the AIA’s Architecture Billings Index for August(a leading indicator for commercial real estate).