Financial and Commodity Previews and Analysis
Key news today includes: (1) Aug housing starts (expected +1.7% to 1.175 million, Jul -4.8% to 1.155 million), (2) Aug import price index (expected +0.4% m/m and +2.2%, July +0.1% m/m and +1.5% y/y), (3) Q2 current account balance (expected -$112.4 billion, Q1 -$116.8 billion), (4) FOMC begins 2-day policy meeting, (5) EIA Weekly Petroleum Status Report.