Treasuries are little changed to begin a week packed with central bank decisions.
In addition to the FOMC meeting on Wednesday, five other central banks will be holding policy meetings this week, including Japan and the U.K. For the FOMC meeting, the updated Summary of Economic Projections, including the dot plot, will be the greatest area of focus for financial markets. Beyond the central bank decisions, the economic calendar is relatively light this week, although there will be multiple housing market reports (housing starts and new/existing home sales).
Jason Haley
Chief Investment Officer
| Date | Event | Survey | Actual | Prior | Revised |
| 3/18/2024 | New York Fed Services Business Activity | — | 0.6 | -7.3 | — |
| 3/18/2024 | NAHB Housing Market Index | 48 | — | 48 | — |
| 3/19/2024 | Building Permits MoM | 2.00% | — | -1.50% | -0.30% |
| 3/19/2024 | Building Permits | 1500k | — | 1470k | 1470k |
| 3/19/2024 | Housing Starts | 1430k | — | 1331k | — |
| 3/19/2024 | Housing Starts MoM | 7.40% | — | -14.80% | — |
| 3/19/2024 | Total Net TIC Flows | — | — | $139.8b | — |
| 3/19/2024 | Net Long-term TIC Flows | — | — | $160.2b | — |
| 3/20/2024 | MBA Mortgage Applications | — | — | 7.10% | — |
| 3/20/2024 | FOMC Rate Decision (Upper Bound) | 5.50% | — | 5.50% | — |
| 3/20/2024 | FOMC Rate Decision (Lower Bound) | 5.25% | — | 5.25% | — |
| 3/20/2024 | Interest on Reserve Balances Rate | 5.40% | — | 5.40% | — |
| 3/21/2024 | Current Account Balance | -$209.0b | — | -$200.3b | — |
| 3/21/2024 | Philadelphia Fed Business Outlook | -2.3 | — | 5.2 | — |
| 3/21/2024 | Initial Jobless Claims | 215k | — | 209k | — |
| 3/21/2024 | Continuing Claims | 1824k | — | 1811k | — |
| 3/21/2024 | S&P Global US Manufacturing PMI | 51.8 | — | 52.2 | — |
| 3/21/2024 | S&P Global US Services PMI | 52 | — | 52.3 | — |
| 3/21/2024 | S&P Global US Composite PMI | 52.1 | — | 52.5 | — |
| 3/21/2024 | Leading Index | -0.20% | — | -0.40% | — |
| 3/21/2024 | Existing Home Sales | 3.94m | — | 4.00m | — |
| 3/21/2024 | Existing Home Sales MoM | -1.50% | — | 3.10% | — |
| 3/25/2024 | Chicago Fed Nat Activity Index | — | — | -0.3 | — |
| 3/25/2024 | Bloomberg March United States Economic Survey | ||||
| 3/25/2024 | New Home Sales | 675k | — | 661k | — |
| 3/25/2024 | New Home Sales MoM | 2.10% | — | 1.50% | — |
| 3/25/2024 | Dallas Fed Manf. Activity | — | — | -11.3 | — |