Fed, housing hold key as correction fears grow.

Byline: Robert Guy

Mar 18, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Several factors will influence the direction of the US sharemarket in the week beginning 19 March 2007. The Federal Reserve will take into account economic data such as housing data and consumer price figures when determining monetary policy. The central bank is widely tipped to leave interest rates at 5.25 per cent, due to the producer and consumer price data being higher than forecast. Meanwhile, some analysts believe that the key sharemarket indices may continue to fall if new data