Today's Lineup: Housing, Economic News and Madoff
After yesterday's huge job losses announced by several major U.S. corporations, today's news turns to several data points, which may not be much more uplifting. In Washington, the Federal Reserve begins its first of a two-day closed-door meeting. With rates already at record levels, Fed watchers will be waiting to see what other tools the Fed plans to provide aimed at helping to get the economy going again.
Before all that, we get another glimpse into the housing market with the Case-Shiller housing index, which is released at 9 a.m. The index gives a picture of some of the country's top metro markets. And at 10 a.m., the government's January consumer confidence report is due.
Also at this morning, we will be watching the Senate banking committee, which is looking into how federal regulators missed signs of the Bernie Madoff Ponzi investment scheme.
Check back here for live updates throughout the day.
The comments to this entry are closed.