Fed meeting, housing data, earnings: What to Watch
Yahoo Finance Live co-hosts Josh Lipton and Madison Mills preview the top news stories and headlines for Tuesday, March 19, including the first day of the Federal Reserve's March FOMC meeting, data on US housing starts and building permits, and earnings from XPeng Inc. (XPEV) and Tencent Music Entertainment Group (TME).
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 Tuesday, March 19th starting out with the Fed. Second FOMC meeting of the year starting tomorrow. Wall Street is not expecting a rate cut in March.
But we'll look for more clues toward later in the year. That's coming ahead of the Fed announcing its decision on Wednesday when it will also release its economic projections.
MADISON MILLS: Right. And that's going to be critical to look at. But moving over to the housing sector, monthly data on housing starts and building permits for February coming out at 8:30 AM Eastern. Economists expecting both numbers to go up from January.
And this comes against the backdrop. The National Association of retailers proposed settlement. The association agreeing to pay $418 million to compensate home sellers paying inflated commission costs to sell their homes.
JOSH LIPTON: And shifting to earnings. Tencent music and XPeng both reporting tomorrow. Xpeng announcing fourth quarter results. Before the bell, Chinese EV maker are getting hammered to start the year down more than 30%. But trading up today ahead of those earnings.
MADISON MILLS: And finally, tune in tomorrow for Yahoo Finance's continuing coverage of CERAWeek from Houston, Texas, including an interview with ExxonMobil CEO Darren Woods.
