This Week: Housing starts, Fed meeting, CarMax earnings

FILE - In this Wednesday, June 14, 2017, file photo, Federal Reserve Chair Janet Yellen speaks in Washington, to announce the Federal Open Market Committee decision on interest rates following a two-day meeting. The Federal Reserve wraps up a two-day meeting of its policymakers on Wednesday, Sept. 20, 2017. (AP Photo/Susan Walsh, File)

A look at some of the key business events and economic indicators upcoming this week:

BREAKING GROUND

New government data on residential construction should provide insight into the state of the new-home market.

The Commerce Department is expected to report on Tuesday that builders broke ground on new apartments and single-family homes at a faster pace in August than in the previous month. U.S. home construction slowed in July as builders started fewer apartment complexes, causing housing starts to tumble to a three-month low.

Housing starts, monthly, seasonally adjusted annual rate:

March 1,189,000

April 1,154,000

May 1,129,000

June 1,213,000

July 1,155,000

Aug. (est.) 1,178,000

Source: FactSet

EYES ON THE FED

The Federal Reserve wraps up a two-day meeting of its policymakers on Wednesday.

Investors will be listening for any hint of a shift in the central bank's interest rate plans or views on the U.S. economy. At their last meeting in July, Fed officials unanimously decided to keep the Fed's key benchmark interest rate unchanged. They also signaled that they were edging closer to gradually shrinking the Fed's bond holdings.

SMOOTH RIDE?

Wall Street predicts that CarMax's latest quarterly results improved from a year ago.

Financial analysts expect the used car retailer's earnings and revenue increased in its fiscal second quarter. CarMax is on a roll of late, with gains in earnings and revenue in its previous quarter and the 12 months that ended in February. The company releases its earnings Friday.

You may also interested in

Premier: China doesn't want 'trade war' with Washington

Mar 15, 2017

China's No. 2 leader says Beijing wants positive relations with Washington and has no desire for a trade war nor plans to devalue its currency to boost exports

Trump tells retail CEOs people will 'love' his tax plan

Feb 15, 2017

President Donald Trump met with the heads of the largest U.S. retailers with a built in beef: stop a Republican proposal for a border tax on imported goods

Global stocks recover their poise as Jackson Hole looms

Aug 22, 2017

Global stocks have risen after Wall Street gained as investors look ahead to this week's gathering of central bankers in Jackson Hole, Wyoming

People also read these

Premier: China doesn't want 'trade war' with Washington

Mar 15, 2017

China's No. 2 leader says Beijing wants positive relations with Washington and has no desire for a trade war nor plans to devalue its currency to boost exports

Trump tells retail CEOs people will 'love' his tax plan

Feb 15, 2017

President Donald Trump met with the heads of the largest U.S. retailers with a built in beef: stop a Republican proposal for a border tax on imported goods

Global stocks recover their poise as Jackson Hole looms

Aug 22, 2017

Global stocks have risen after Wall Street gained as investors look ahead to this week's gathering of central bankers in Jackson Hole, Wyoming

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH