Fed, mortgage data top quiet calendar
David Russell | firstname.lastname@example.org
The economic calendar remains quiet today, with weekly mortgage applications and Federal Reserve minutes as the main events.
The Mortgage Bankers Association will release its numbers at 7 a.m. ET. The data could potentially affect homebuilding stocks.
The minutes of the last Fed meeting will be released at 2 p.m., which could move markets as traders seek clues on whether the central bank will reduce monetary stimulus.
China is also scheduled to issue trade-balance data before the market opens. The news is often viewed as a barometer for the global economy, so it could affect U.S. trading.
Attention shifts to consumers tomorrow, when monthly same-store sales and weekly jobless claims come out. Friday brings the Commerce Department's retail sales data and the University of Michigan's consumer sentiment number.
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