KEY EVENT: Four below 4 percent? Long Island’s 3.9 percent jobless rate in July marked the third straight month the local unemployment rate was below 4 percent — the longest streak in 11 years. Will this trend continue? The answer comes Tuesday when the state Labor Department releases Long Island unemployment data for August.
MONDAY: An update on U.S. economic activity in August from the Federal Reserve Bank of Chicago.
TUESDAY: Two housing reports: S&P Case Shiller home prices and the Federal Housing Finance Agency single-family home prices, both for July. Earnings: soccer team owner Manchester United, Nike.
WEDNESDAY: Will the Fed raise rates? That decision will be announced as the Federal Reserve ends a two-day meeting. After the announcement, Fed chairman Jerome Powell holds a news conference. Also, August new-home sales from the Commerce Department. Earnings: CarMax, Bed Bath & Beyond.
THURSDAY: Jobless benefits claims for the week ended Sept. 22 from the U.S. Labor Department. Also, the third and final estimate of second-quarter GDP from the Commerce Department. Earnings: Accenture, Hunt’s tomato products owner ConAgra, spice maker McCormick, Rite Aid.
FRIDAY: Personal income and spending for August from the U.S. Labor Department. Earnings: Port Washington drugmaker Aceto, BlackBerry, Vail Resorts.