by Calculated Risk on 10/18/2020 08:18:00 PM
• Schedule for Week of October 18, 2020
• At 8:00 AM ET, Discussion, Fed Chair Jerome Powell, Cross-Border Payments and Digital Currencies, At the International Monetary Fund Annual Meeting – Panel on Cross-Border Payments
• At 10:00 AM, The October NAHB homebuilder survey. The consensus is for a reading of 83, unchanged from 83 in September. Any number above 50 indicates that more builders view sales conditions as good than poor.
Oil prices were up over the last week with WTI futures at $40.97 per barrel and Brent at $43.00 barrel. A year ago, WTI was at $54, and Brent was at $60 – so WTI oil prices are down about 30% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.15 per gallon. A year ago prices were at $2.66 per gallon, so gasoline prices are down $0.51 per gallon year-over-year.