Production at U.S. factories surged in July, boosted by an acceleration in motor vehicle output.
Retail sales were expected to decrease 0.3% in July, according to economists surveyed by Dow Jones.
Homebuilder sentiment falls to the lowest level in a year, due to rising construction costs pushing home prices higher.
Mortgage demand drops after rates rise to highest level in a month.
The Federal Reserve on Wednesday released the minutes from its July 27-28 meeting.
Jobless claims for the week ended Aug. 14 totaled 348,000, below the Dow Jones estimate for 365,000.
Home sales rose for the second straight month but were barely higher than in July 2020.
Signed contracts on existing homes fell in July, suggesting a slower fall for closings.