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The Week Ahead


CONSUMER CONFIDENCE

Tuesday, Nov. 27, 10 a.m. EST -- The Conference Board's consumer confidence index for November likely inched higher, to 86, from 85.5 in October. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies.

EXISTING HOME SALES

Tuesday, Nov. 27, 10 a.m. EST -- Sales of existing homes in October probably remained unchanged at an annual rate of 4.9 million units.

BEIGE BOOK

Wednesday, Nov. 28, 2 p.m. EST -- The Federal Reserve Bank will release its collective reporting of regional economic activity in advance of the policy meeting scheduled for Dec. 11.

DURABLE GOODS ORDERS

Thursday, Nov. 29, 8:30 a.m. EST -- New orders for durable goods probably rose 0.9% in October, after plunging 8.5% in September.

NEW RESIDENTIAL SALES

Thursday, Nov. 29, 10 a.m. EST -- New single-family home sales in October are forecast to have fallen to an annual rate of 854,000, after slipping to 864,000 in September.

GROSS DOMESTIC PRODUCT

Friday, Nov. 30, 8:30 a.m. EST -- The Commerce Dept.'s second pass at third-quarter economic growth is expected to show that real GDP contracted at a 0.6% annual rate, down from the initially reported 0.4% decline. Aftertax corporate profits likely dropped 6.4% during the third quarter, after falling 1.7% over the second quarter.


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