Former President Donald Trump will be hosting a livestream on X Spaces at 8 p.m. ET on Monday night. He is expected to announce the debut of a new cryptocurrency exchange called World Liberty Financial, which will be controlled by his sons Donald Trump Jr. and Eric Trump.
Investors will get fresh monthly US retail sales data on Tuesday morning. Economists are forecasting a 0.2% decrease in the month of August after sales rose more than expected in July.
In addition, new homebuilder confidence data for September will also be released in the morning. Economists expect it to tick up to 41 after four straight months of declines as high mortgage rates continue to pressure potential homebuyers.
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This post was written by Melanie Riehl
Time now for what to watch later tonight. Uh former President Donald Trump is hosting a live stream on X spaces at approximately 8:00 p.m. Eastern. He's expected to announce the debut of a new cryptocurrency exchange called World Liberty Financial. The platform would be controlled by Trump's sons, Donald Trump Jr. and Eric Trump.
Now moving on to Tuesday, September 17th, we'll be getting monthly US retail sales in the morning. Economists are forecasting a 0.2% decrease in the month of August. This comes after retail sales rose more than expected in July. The data will give us some more insight into the health of the US consumer going into Wednesday's FOMC meeting.
Moving over to housing. Lots of new housing data this week. Starting with Homebuilder Confidence. New number for September is coming out in the morning. Economists forecasting at a tick up to 41 after four straight months of declines, as elevated mortgage rates continue to spook potential home buyers.
