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The Week Ahead


Business Week Index

THE WEEK AHEAD

PERSONAL INCOME

Monday, Feb. 2, 8:30 a.m. EST -- Personal income likely rose 0.2% in December,

following a 0.8% jump in November, says the median forecast of economists

polled by MMS International, one of The McGraw-Hill Companies. Consumer

spending likely rose 0.5%, after a 0.4% advance in November.

CONSTRUCTION SPENDING

Monday, Feb. 2, 10 a.m. EST -- Building outlays probably rose 0.6% in December,

after falling 0.9% in November.

NAPM SURVEY

Monday, Feb. 2, 10 a.m. EST -- The National Association of Purchasing

Management's business index likely stood at 53% in January, little changed from

December's 53.1%.

FOMC MEETING

Tuesday, Feb. 3 -- The Federal Reserve's Open Market Committee will meet to set

monetary policy. The central bankers are not expected to change the federal

funds rate target from its current 5.5%. The meeting continues on Feb. 4.

LEADING INDICATORS

Tuesday, Feb. 3, 10 a.m. EST -- The MMS survey says that the Conference Board's

index of leading indicators probably edged up 0.1% in December, the same gain

posted in both October and November.

NEW HOME SALES

Tuesday, Feb. 3, 10 a.m. EST -- New homes likely sold at an annual rate of

825,000 in December, from 830,000 in November.

EMPLOYMENT

Friday, Feb. 6, 8:30 a.m. EST -- The MMS median forecast says that nonfarm

payrolls grew by 238,000 jobs in January, on top of the large 370,000 slots

created in December. The unemployment rate is expected to have remained at

December's 4.7%.

INSTALLMENT CREDIT

Friday, Feb. 6, 3 p.m. EST -- Consumer debt likely grew by $5 billion in

December, after dropping $4.2 billion in November.


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