US: Focus on Fed speak and housing data – TDS

Analysts at TD Securities suggest that in today’s US session, the NAHB Housing Market Index (HMI) is released for February and is expected by the market to improve by 1 point to 59, helping to assuage concerns of an impending sharper slowdown in housing activity.

Key Quotes

“Ahead of the release Fed President Mester also speaks on the outlook at 8:50 ET. Her previous comments have turned dovish, emphasizing that policy does not have to be preemptive amid lack of inflationary pressures.”