Magazine

The Week Ahead


FOMC MEETING

Tuesday, June 25, 9 a.m. EDT -- The Federal Reserve Board's Open Market Committee meets for two days to set monetary policy. Economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies, unanimously expect the Fed to leave the federal funds rate at 1.75%.

CONSUMER CONFIDENCE

Tuesday, June 25, 10 a.m. EDT -- The Conference Board's June confidence index is forecast to have slipped back to 107.8, from 109.8 in May. That's based on the median forecast of economists surveyed by S&P's MMS.

EXISTING HOME SALES

Tuesday, June 25, 10 a.m. EDT -- Sales of existing homes in May probably slipped 1.7%, to an annual pace of 5.69 million.

DURABLE GOODS ORDERS

Wednesday, June 26, 8:30 a.m. EDT -- New orders for durable goods most likely increased by 0.3% during May. In April, they

climbed 1.5%.

NEW RESIDENTIAL SALES

Wednesday, June 26, 10 a.m. EDT -- New single-family home sales in May are expected to have remained unchanged from April, at an annual pace of 915,000 homes.

PERSONAL INCOME

Friday, June 28, 8:30 a.m. EDT -- Personal income for May probably increased 0.3%, while consumer spending most likely rose by just 0.1%. In April, income rose by a similar 0.3%, but consumer purchases grew by a more significant 0.5%.


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