Contracts to buy previously owned US homes jumped to a 10-month high in February, pointing to robust demand for housing ahead of the busy spring selling season.
US job gains in October were "solid," and showed continued stable progress towards the Federal Reserve's monetary policy goals, Atlanta Fed president Dennis Lockhart said on Friday as the central bank progresses towards a possible rate increase in December.
Atlanta Fed, Morgan Stanley and Goldman Sachs cut U.S. Q3 GDP forecasts
Some top policymakers, including Fed Vice Chairman Stanley Fischer, said recent volatility in global markets could quickly ease and possibly pave the way for the US rate hike, for which investors, governments and central banks around the world are bracing.
Just two weeks ago, Atlanta Fed President Dennis Lockhart told reporters he was "very disposed" to a rate hike in September.
Some Asian stocks recovered in tandem with US futures even as Chinese shares tanked further. The dollar gained versus a basket of currencies after falling the most since 2011.
After Monday's rout, most Asian stocks recovered in tandem with US futures and Chinese shares pared losses.
The minutes of the Fed's July meeting are expected to be released at 2 pm, and traders are hoping the Fed minutes will give new insight into Fed thinking on rate hikes that did not come out in the post-meeting statement.
The US central bank is scheduled to issue its latest policy statement at 2 p.m. EDT (1800 GMT) following a two-day meeting, spelling out how policymakers feel the economy has progressed since they last met in June.
Asia shares rallied for a sixth straight session as investors chose to be optimistic that Greece would reach a deal with its creditors, while the dollar held broad gains as the prospect of US rate rises came back on the radar.
The question of how quickly the Federal Reserve should raise rates is dividing normally like-minded policymakers at the US central bank, pitting those who favor two hikes this year against a growing number of those who want to stop at just one.
Keeping a tight lid on its future intentions, the Federal Reserve on Wednesday held interest rates steady at zero and provided only faint clues about when the first hike in nine years might occur.
Greenspan's remarks came at an emerging- and frontier-markets-themed event filled with private equity fund managers and their investors. Greenspan said it's human nature to be overly fearful of such countries, making for investment opportunity.
The US economy remains too fragile for the Federal Reserve to begin raising interest rates, the president of the Atlanta Fed, Dennis Lockhart, said on Wednesday.