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 Key events in the week ahead
Autor: Acampora 
Data:   21-06-2003 03:54

The Conference Board's consumer confidence index comes out Tuesday. Economists surveyed by Briefing.com think it ticked up to 85 for June from May's 83.8.


The Federal Open Market Committee meets Tuesday and Wednesday. The market is divided over whether it will cut the fed funds rate, currently at 1.25 percent, by a quarter point or a half.


Economists think that durable goods orders for May, due out Wednesday, ticked up by 1 percent after falling 2.4 percent in April.


New home sales, due out Wednesday, are forecast to come in at an annualized 1.03 million for May, up from April's 1.028 million. Existing home sales are expected to drop to an annualized 5.8 million from 5.84 million.


The government's final take on first-quarter gross domestic product, out Thursday, is expected to show growth of 1.9 percent -- in line with the previous report.


May personal income, due out Friday, is expected to show a pickup of 0.3 percent compared with April's flat reading. Personal spending is expected to come in up 0.2 percent after falling by 0.1 percent in April.


The University of Michigan's final take on its consumer sentiment index for June, due out Friday, is expected to come in at 88, up from the initial reading of 87.2.

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 Key events in the week ahead  
Acampora 39  21-06-2003 03:54 



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