Business Week Index
THE WEEK AHEAD
Monday, Sept. 23, 2 p.m.EDT -- The Treasury Dept. will probably report a
deficit of $34.5 billion for August, says the median forecast of economists
surveyed by MMS International, one of The McGraw-Hill Companies. Washington
posted a gap of $33.9 billion a year ago. The deficit is expected to total
about $120 billion when fiscal 1996 ends on Sept. 30.
Tuesday, Sept. 24 -- The Federal Reserve's Open Market Committee will meet to
set monetary policy for the next seven weeks. The MMS economists are almost
evenly split, with about half looking for a one-quarter-point increase in the
federal funds rate, to 5.5%, and the other half expecting the Fed to hold rates
steady. The central bank last moved policy in January, when it cut the fed
funds rate by a quarter-point. A Sept. 17 report on the Reuters newswire said
that 8 of the 12 Fed district presidents have requested a hike in interest
Tuesday, Sept. 24, 10 a.m.EDT -- The Conference Board's index of consumer
confidence probably fell to 108 in September after rising to 109.4 in August.
The confidence index has been over 100 for the past five months, suggesting
that solid job growth is lifting consumers' spirits.
EXISTING HOME SALES
Wednesday, Sept. 25, 10 a.m.EDT -- The MMS median forecast expects that
existing homes probably sold at a high annual rate of 4.1 million in August. In
July, resales fell a small 0.5% to a 4.14 million pace.
DURABLE GOODS ORDERS
Thursday, Sept. 26, 8:30 a.m.EDT -- New orders taken by durable-goods
manufacturers were probably unchanged in August, says the MMS survey. Orders
increased a surprisingly strong 1.7% in July. Although demand for motor
vehicles probably slipped last month, production gains for other durable goods
suggest that orders for capital goods increased in August.