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U.S. Day Ahead: FOMC meeting, expected uptick in homes sales

Monday, April 23, 2012 - 02:31

April 23 - Before the first day of the FOMC meeting, Reuters' Mark Felsenthal says Fed will be careful not give impression of new QE or rate hike. Also, housing data and Apple's earnings on tap.

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Ben Bernanke and the Fed began a two day meeting on Tuesday and what they say will be more important than what they do. The Federal Open Market Committee is expected to leave rates alone again. The markets and investors will be on the alert for any assessment of the economy and any words on stimulus boilers that correspondent mark thousands on his war. Tomorrow the Fed begins a two day meeting. On Wednesday we'll get the latest and forecasts. In those forecasts we probably will see a slightly lower unemployment figure and a slightly higher growth figure. But when the Fed makes its announcement on Wednesday it will undoubtedly be really careful not to give the impression. That any new quantitative easing its imminent war on the other side that they're gonna pull forward there likely 20141. Rate hike. We'll get a glimpse at how few Americans -- to spend their hard earned money on new home furniture and appliances on Tuesday. Analysts polled by Reuters -- we'll see a slight increase in the sale of homes in March. Insider will host Yale professor and economist Robert -- to talk about housing economy in the Case Shiller Index. Other data coming up tomorrow include a weekly measure store sales -- big retail chains published by the International Council of Shopping Centers and Goldman Sachs. -- -- case -- consumer confidence in the Richmond fed manufacturing survey. Apple is on the earnings and I need tomorrow some analysts think the stock at 1000 dollars and the company reach one trillion dollars in market capitalization. The Reuters columnist John ways it says that even with strong earnings apple eventually fall from the tree. He warns against extravagant valuations lack of charismatic leadership a possibility of apple not being able achievable the competition. And failing to -- already high expectations. Other earnings reports due out tomorrow include insurance company AFLAC United States Steel Corp. 3 AM RadioShack and telecommunications giant AT&T. For some it may be over but the Republican primary race -- on. With five states holding primaries on Tuesday voters in Connecticut Delaware -- New York Pennsylvania and Rhode Island we'll get their chance to pick their favorite Republican. -- Mitt Romney is considered the Republican candidate for president. Newt Gingrich and Ron Paul remain contenders. In the meantime president Barack Obama will be in Chapel Hill, North Carolina talking about student -- I'm Fred Katayama this is Reuters.

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U.S. Day Ahead: FOMC meeting, expected uptick in homes sales

Monday, April 23, 2012 - 02:31