Economic Preview: Why the markets aren’t buying the Fed’s claims about the strength of the U.S. economy

Fresh worries about the global economy and a surprisingly dovish turn by the Federal Reserve have rattled Wall Street, but it’s nothing that a week or two of good news can’t cure.

The good news might not come this week, however.

A large chunk of the economic reports coming down the pike are stragglers from the 35-day partial government shutdown earlier this year. The U.S. trade deficit in January and February reports on home construction, new-home sales and consumer spending were delayed almost an extra month.

See:MarketWatch Economic Calendar

These reports won’t and shouldn’t be ignored, though.

Home sales and construction might offer clues on whether the steep drop in mortgage rates since last October is reinvigorating a faltering housing market.

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