US: Focus on FOMC and Housing Starts - TDS

Analysts at TD Securities point out that the Minutes for the September FOMC Meeting will be published at 14:00 ET and will be closely scrutinized for context surrounding the removal of "accomodative" from the statement.

Key Quotes

“Housing starts are forecast to slow in September, with the market consensus looking for a 5.6% decline to an annualized 1.21m units. This comes on the heels of an outsized gain in August and soft permit issuance. The market does expect building permits to recover partially in September, with consensus looking for a 2.0% increase to a 1.275m pace.”