Existing home sales, Fedspeak, regional banks: What to Watch
Yahoo Finance Live anchors Josh Lipton and Madison Mills preview the top news stories and data prints expected for Friday, January 19, including existing home sales and consumer sentiment data, commentary from Federal Reserve officials, and earnings expected from regional banks Comerica (CMA), Ally (ALLY), and Huntington (HBAN).
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JOSH LIPTON: Time now for what to watch Friday, January 19. On the housing front, existing-home sales are out at 10:00 AM Eastern. Expected to edge higher from November. Report giving us more insight into a housing market where home builders are confident but home buyers still struggling amid high prices and tight inventories.
MADISON MILLS: And we're also going to get a look at consumer sentiment, which is expected to hold steady from December. The market has also been keeping a keen eye on consumer inflation expectations. That's forecast to show that consumers' one-year outlook for inflation will hold at 3.1%.
JOSH LIPTON: And on to the Fed. A few Fed officials will be speaking, and investors will be listening for more clues about the path of Fed rate cuts. Chicago Fed President Austan Goolsbee is slated to make a TV appearance in the morning, and then in the afternoon, we're going to hear from Fed Vice Chair for Supervision Michael Barr and San Francisco Fed President Mary Daly.
MADISON MILLS: And moving over to earnings, more regional banks reporting tomorrow, including Comerica, Ally Financial, and Huntington Bancshares, all for the fourth quarter of 2023.
