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The Week Ahead


Business Week Index

THE WEEK AHEAD

PERSONAL INCOME

Monday, June 30, 8:30 a.m.EDT -- Personal income likely rose 0.4% in May, while

consumer spending was up 0.3%, according to the median forecast of economists

surveyed by MMS International, one of The McGraw-Hill Companies. In April,

income and spending each advanced just 0.1%.

NEW HOME SALES

Monday, June 30, 10 a.m.EDT -- Homes likely sold at an annual rate of 775,000

in May, after dropping 7.7% to 772,000 in April.

FOMC MEETING

Tuesday, July 1 -- The Federal Reserve's Federal Open Market Committee will

meet to set monetary policy for the next six weeks. All the economists surveyed

by MMS expect the Fed to leave short-term interest rates unchanged. The policy

meeting continues on July 2.

NAPM SURVEY

Tuesday, July 1, 10 a.m.EDT -- The National Association of Purchasing

Management's index likely stood at 57% in June. That's hardly changed from

May's 57.1%.

LEADING INDICATORS

Tuesday, July 1, 10 a.m.EDT -- The Conference Board's index of leading

indicators probably rose 0.2% in May, after a small 0.1% slip in April.

CONSTRUCTION SPENDING

Tuesday, July 1, 10 a.m.EDT -- The MMS consensus expects that building outlays

rose 0.5% in May, after falling 1% in April.

FACTORY INVENTORIES

Wednesday, July 2, 10 a.m.EDT -- Factory inventories probably rose a modest

0.3% in May, half the 0.6% gain in April.

EMPLOYMENT

Friday, July 3, 8:30 a.m.EDT -- The MMS median forecast calls for a 228,000

increase in June nonfarm payrolls. That's far stronger than the 138,000 gain

posted in May. The June unemployment rate likely edged up to 4.9%, from May's

4.8%.


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