Fed talk and new home sales highlight the US economic calendar

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What's coming upThe main event on the economic calendar today is the US new home sales report for August. Like autos, home sales are at the intersection of pandemic shifts, prices rises, supply chain and customer sticker shock.In autos, we've seen a  dramatic slowdown in buying while some of the same has crept into housing. Home builders cut forecasts for this year despite sky high margins, simply because they couldn't source the parts and labor. How deep that cut goes is up for debate but today's new home sales data (consensus: 7.00m) will give us another clue.Otherwise, it's all about Fed talk.At 08:45 US ET Cleveland Fed President Loretta Mester is scheduled to speak virtually before the Ohio Bankers League "Bouncing Back in the Post-Pandemic Economy" 2021 CEO SymposiumAt 10:00 at ET Kansas City Fed President Esther George to speak on the economic and monetary policy outlook before virtual American Enterprise Institute event Also at
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