The markets closed higher for a second consecutive day to start the week on Tuesday, and Wednesday features a pair of significant data releases as well as a speech from FOMC Chairman Jerome Powell. The President has stepped up the pressure on the Fed Chair to halt the rate rise, so while many focus on the politics, we continue to point out the Fed may pause in their rate hikes heading into 2019 due to weakening economic data – especially in housing. Today’s New Home Sales Release should offer a further look into that trend.
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