Faber News Flow

The key reports this week are August New and Existing Home sales. For manufacturing, the Richmond and Kansas City Fed manufacturing surveys will be released this week. Fed Chair Powell testifies three times this week. ----- Monday, September 21st ----- 8:30 AM ET:  Chicago Fed National Activity Index  for August. This is a composite index of other data. 12:00 PM:  Q2 Flow of Funds Accounts of the United States  from the Federal Reserve. ----- Tuesday, September 22nd ----- 10:00 AM:  Existing Home Sales  for August from the National Association of Realtors (NAR). The consensus is for 6.00 million SAAR, up from 5.86 million in July. The graph shows existing home sales from 1994 through the report last month. Housing economist  Tom Lawler expects  the NAR to report 5.92 million SAAR. 10:00 AM:  Richmond Fed Survey of Manufacturing Activity  for September. 10:30 AM:  Testimony, Fed Chair Jerome Powell , Coronavirus Aid, Relief, and Economic Security Act, Before the Committee on Financial S...