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The Week Ahead


LEADING INDICATORS

Monday, Oct. 22, 10 a.m. -- The Conference Board's composite index of leading indicators likely fell 0.4% in September. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies.

FEDERAL BUDGET

Monday, Oct. 22, 2:00 p.m. -- The U.S. Treasury will probably report a September surplus of $29 billion, after registering a deficit of $80 billion in August.

BEIGE BOOK

Wednesday, Oct. 24, 2 p.m. -- The Federal Reserve Bank will release its compilation of regional economic activity in advance of the policy meeting scheduled for Nov. 6.

EMPLOYMENT COST INDEX

Thursday, Oct. 25, 8:30 a.m. -- Compensation in the third quarter likely rose by 0.9%, after a 0.9% gain in the second quarter.

DURABLE GOODS ORDERS

Thursday, Oct. 25, 8:30 a.m. -- New orders for durable goods probably dropped 1% in September, after falling 0.3% in August.

EXISTING HOME SALES

Thursday, Oct. 25, 10 a.m. -- Sales of existing homes are forecast to have dropped to an annual rate of 5.23 million in September, from 5.5 million in August.

NEW RESIDENTIAL SALES

Friday, Sept. 26, 10 a.m. -- New single-family home sales likely fell to an annual rate of 883,000 during September.


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