Fedspeak, housing data, earnings: What to watch on Thursday

Yahoo Finance Hosts Julie Hyman and Josh Lipton break down what to watch on Thursday, May 16.

New housing data is set to be released, including housing starts and building permits, which are both expected to rise. New mortgage rate figures are also expected Thursday afternoon.

Major retailers, like Walmart (WMT) and Ross (ROST), are expected to report earnings, giving investors key insights into the state of consumer spending.

Finally, the Richmond, New York, Cleveland, and Atlanta Federal Reserve Presidents and Fed Vice Chair for Supervision Michael Barr are all expected to speak.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Melanie Riehl

Video transcript

Time now for what to watch.

Thursday, May 16th going to start off on the housing fund.

Lots of new data coming out including housing starts and building permits in the morning.

Economists expecting both those numbers to go up.

This coming after that home builder conference report came in lower than expected and went down for the first time in six months while getting new mortgage rate figures tomorrow afternoon.

Take a look at earnings.

It will be a big day for retailers tomorrow.

We're getting reports from Walmart and Ross stores, Wal Mart.

Of course, the worlds biggest retailers set to announce first quarter earnings for fiscal year 2025 ahead of the opening bell.

And finally, we'll get a big round of Tom from fed officials.

Tomorrow we'll hear from Richmond's Tom Barkin and New York fed President John Williams among others.

And it comes after Minneapolis fed President Neil Kashkari reiterating today that rates will have to stay at these levels for a while longer.