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The Week Ahead


CONSUMER PRICE INDEX

Tuesday, June 18, 8:30 a.m. EDT -- Consumer prices for goods and services in May most likely grew by 0.2%, after a 0.5% increase in April. That's based on the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Excluding food and energy, May core prices probably rose 0.2% as well, after a 0.3% gain in April.

NEW RESIDENTIAL CONSTRUCTION

Tuesday, June 18, 8:30 a.m. EDT -- Housing starts are expected to have climbed to an annual rate of 1.6 million units in May, after slipping to 1.56 million in April.

CURRENT-ACCOUNT DEFICIT

Thursday, June 20, 10 a.m. EDT -- The U.S. current-account deficit probably swelled to $107.9 billion in the first quarter. The fourth-quarter deficit stood at $98.5 billion, unchanged from the third quarter.

INTERNATIONAL TRADE

Thursday, June 20, 8:30 a.m. EDT -- The trade deficit is forecast to have widened to $32 billion in April, from $31.6 billion in March.

LEADING INDICATORS

Thursday, June 20, 10 a.m. EDT -- The Conference Board's May composite index of leading economic indicators probably inched up 0.2%, after falling 0.4% in April.

FEDERAL BUDGET

Thursday, June 20, 2 p.m. EDT -- The U.S. Treasury most likely ran a $70 billion deficit during May, compared with $27.9 billion in May, 2001.


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