SocraticGadfly: Your Monday morning economic blues

May 19, 2008

Your Monday morning economic blues

More of the same expected in weeks ahead: housing down and prices up.
Fresh data on housing to be released in the coming week should show further declines in both sales and prices; On Wednesday, the Federal Open Market Committee will release the truncated minutes of its April 30 meeting.

April housing sales are expected to have dropped 100K from March. With the Fed, unless there is a surprise in the minutes, it will reconfirm expectations that rate cuts are done.

No comments: