Taking the temperatureof consumers
The Conference Board releases its monthly survey of consumer attitudes on the economy at 10 a.m., Tuesday. The board asks consumers’ perceptions of current business and employment conditions, as well as their expectations for the next six months regarding business conditions, employment, and income. Consumer confidence has generally been on the rise in 2014 as gas prices and unemployment rates have fallen, and economists expect the rise to have continued in November.
Two real estate groups, the Warren Group and the Massachusetts Association of Realtors, released their monthly reports on real estate sales last week, finding that the housing market was relatively flat in November. On Tuesday at 9 a.m., the third member of the monthly research troika releases its findings, the S&P/Case-Shiller home price index. Case-Shiller tracks repeat sales of the same home, which it believes gives a more accurate picture of the housing market.
The housing giant Freddie Mac releases its weekly look at mortgage rates Wednesday at 10 a.m. Rates have been hovering near two-year lows in recent weeks; the nationwide average for the standard 30-year fixed-rate mortgage stood at 3.83 percent last week.
US stock markets will be closed Thursday, Jan. 1, for New Year’s Day. The major stock exchanges in Europe and Asia will be closed, as well.
On guns and butter
The annual meeting of the American Economic Association takes place Saturday through Monday at the John B. Hynes Veterans Memorial Convention Center in Boston. The meeting is part of the Allied Social Science Associations gathering at the Hynes, which is expected to attract 12,000 attendees.
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