Wednesday: Housing Starts, Fed Chair Powell Testimony

• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:30 AM, Housing Starts for May. The consensus is for 1.100 million SAAR, up from 0.891 million SAAR in April.

• At 12:00 PM, Testimony, Fed Chair Jerome Powell, Monetary Policy Report submitted to the Congress on June 12, 2020, pursuant to section 2B of the Federal Reserve Act, Before the Committee on Financial Services, U.S. House of Representatives