Business Week Index
THE WEEK AHEAD
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.
Monday, Feb. 2, 10 a.m. EST -- Building outlays probably rose 0.6% in December,
after falling 0.9% in November.
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
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.
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.
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
Friday, Feb. 6, 3 p.m. EST -- Consumer debt likely grew by $5 billion in
December, after dropping $4.2 billion in November.