Housing data will be released later at 2030 (SGT).
Building Permits (Forecast: 1.74M, Previous: 1.88M)
Housing Starts (Forecast: 1.56M, Previous: 1.58M)
The Federal Reserve will be announcing their monetary policy decision tomorrow at 0200 (SGT). It is expected that the central bank will keep interest rate and monetary policy unchanged. Since the previous meeting in December, a lot has changed. More people were inoculated with the vaccine and that economic outlook in the U.S. has become brighter. As a result, the Federal Reverse may likely revise their economic projections. Also, with the recent concern of rising inflation that led to a strong sell-off in the bond market, focus on what the central bank has to say about this issue. The Federal Reserve will also be holding a press conference at 0230 (SGT). During this time, volatility in USD is expected.