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Business Week Index
THE WEEK AHEAD
Monday, Feb. 23, 2 p.m. EST -- The Treasury Dept. will probably announce a
surplus of $22 billion in January, says the median forecast of economists
surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. That's
bigger than the $13.4 billion windfall of January, 1997. The Clinton
Administration has predicted a $10 billion surplus for fiscal 1998.
Tuesday, Feb. 24 -- Federal Reserve Chairman Alan Greenspan will give his
semiannual testimony on monetary policy and the economic outlook before the
House of Representatives. He is scheduled to repeat his testimony before the
Senate on Feb. 25.
CONSUMER PRICE INDEX
Tuesday, Feb. 24, 8:30 a.m. EST -- Consumer prices of all goods and services
probably increased by just 0.1% in January, says the MMS forecast, the same as
in December. Excluding food and energy, core prices likely rose 0.2%, also as
in December. Beginning with this report, the Labor Dept. will introduce a new
geographic-area sample, revised categories, and updated expenditure weights.
Tuesday, Feb. 24, 10 a.m. EST -- The Conference Board's index of consumer
confidence likely rebounded to 129.5 in February, after falling nine points in
January, to 127.3.
DURABLE GOODS ORDERS
Thursday, Feb. 26, 8:30 a.m. EST -- New orders for durable goods probably
increased 1% in January, after a drop in transportation equipment bookings led
a 6.1% plunge in December orders.
GROSS DOMESTIC PRODUCT
Friday, Feb. 27, 8:30 a.m. EST -- The MMS median forecast expects only a small
revision in economic growth in the fourth quarter. Real GDP likely grew at a
4.1% annual rate, instead of the 4.3% pace reported by the Commerce Dept. a