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US: October housing data in focus - RBS

FXStreet (Delhi) – Research Team at RBS, suggests that the US October housing starts are released ahead of the October FOMC meeting minutes.

Key Quotes

“Our trading desk economists expect the big surge in the volatile multi-family starts in September to pull back in October (preview: RBSe. 1.180mn units annualized).”

“We will also be watching comments from the new Dallas Fed President Kaplan to gain a sense of his personal monetary policy leanings, though we think his comments will likely be overshadowed by the views of the committee as a whole in the detailed October minutes.”

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