10:00 AM – New Home Sales (August)
What’s Going On? This report shows us how many brand-new homes were sold in August. Last time, 739,000 homes were sold, but the guess for this time is 700,000—so they’re expecting fewer homes to be sold.
Dumpster Cat says: “Looks like people aren’t buying as many new homes right now. Maybe it’s because house prices are high, or maybe folks are just waiting to see if prices drop. Let’s see if we hit that 700,000 number or if it’s even lower!”
4:00 PM – Federal Reserve Governor Adriana Kugler Speaks
What’s Going On? Kugler, one of the big voices at the Fed, is going to speak. She’ll likely talk about the economy and how the Fed is planning to deal with things like inflation and interest rates. Everyone listens closely because it gives us clues on what the Fed might do next—like whether they’ll cut rates more, or keep things the same.
Dumpster Cat says: “Kugler’s the one with the crystal ball today! She’ll be telling us what’s on the Fed’s mind—whether they’re gonna help the economy chill out with more rate cuts or keep things steady. Keep your ears perked!”
Summary
- New Home Sales: Fewer homes are expected to be sold this month, but we’ll see if the estimate is right.
- Kugler Speaks: She’s going to give some important clues about what the Fed plans to do next with rates and inflation.
Dumpster Cat’s Final Thought:
“Wednesday is a little quieter than other days, but it’s still a big deal. We’ll see how many homes people are buying and what Kugler has to say about the money situation. Grab your popcorn, ‘cause her speech could be a game-changer!”
