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Yahoo Finance Live anchors Josh Lipton and Madison Mills provide forecasts on Friday, January 19, including existing home sales and consumer sentiment data, commentary from Federal Reserve officials, and projected earnings for community bank Comerica (CMA). Preview the top news articles and data prints that will be published. Ally (ALLY), Huntington (HBAN).
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by luke carberry morgan.
video transcript
Josh Lipton: It’s time to watch on Friday, January 19th. The housing market begins selling existing homes at 10 a.m. ET. A slight increase is expected from November onwards. This report provides further insight into a housing market where home builders are confident but homebuyers are still struggling amid high prices and low inventory.
Madison Mills: We will also look at consumer sentiment, which is expected to remain strong from December onwards. The market is also paying attention to consumer inflation expectations. The forecast shows consumers’ expectations for inflation to remain at 3.1% over the coming year.
Josh Lipton: And then to the Fed. Several Fed officials are scheduled to speak, and investors will tune in for further clues about the Fed’s path to lower interest rates. Chicago Fed President Austan Goolsby is scheduled to appear on television in the morning, and in the afternoon he will hear from Michael Barr, Fed Vice Chairman for Supervision, and San Francisco Fed President Mary Daley.
Madison Mills: And speaking of earnings, more regional banks are all scheduled to report their fourth-quarter 2023 results tomorrow, including Comerica, Ally Financial, and Huntington Bancshares.
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