The U.S. housing market is expected to be discussed at the Federal Reserve meetings this week.

But the talks will likely focus on the Fed’s decision on interest rates. Analysts expect rates to go up sometime in mid-2015. The central bank’s bond buying program will also be on the agenda.

Economists say the Fed will scale back its monthly assets purchases to $25 billion. Policymakers are also keeping an eye on the U.S. jobless rate.

The Fed is also monitoring inflation, which is currently under their target of 2 percent.

The Conference Board came out with its latest report on consumer confidence and things are looking good. Consumer confidence in July soared to its highest level in almost seven years. For more on how consumers are feeling, CCTV America spoke to John Spector, President and CEO of the Conference Board.