Fed's Beige Book Among Biggest Macro Catalysts Today


U.S. stocks closed higher on Tuesday with the Nasdaq Composite gaining around 100 points amid a rise in Apple Inc. AAPL and Amazon.com, Inc. AMZN shares.

Let’s have a look at the major economic events scheduled for today.

  • The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
  • Data on housing starts and permits for September will be released at 10:00 a.m. ET. After an unexpected rebound to 1.575 million in August, analysts expect housing starts resuming their path downward to a 1.475 million annualized rate in September. Permits are likely to recover to 1.550 million in September.
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.
  • Minneapolis Fed President Neel Kashkari is set to speak at 1:00 p.m. ET.
  • The Federal Open Market Committee will release its Beige Book report at 2:00 p.m. ET.
  • Chicago Fed President Charles Evans will speak at 6:30 p.m. ET.

Dow Rises Over 300 Points As Market Volatility Decreases

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