EXISTING HOME SALES
      Tuesday, May 28, 8:45 a.m.EDT -- Sales of existing homes probably fell to an 
      annual rate of 4.03 million in April, according to the median forecast of 
      economists surveyed by MMS International, one of The McGraw-Hill Companies. 
      Sales had increased 6.9% in March, to a 4.21 million pace, but higher mortgage 
      rates are starting to chip away at demand.
      
      CONSUMER CONFIDENCE
      Tuesday, May 28, 10 a.m.EDT -- The Conference Board's index of consumer 
      confidence likely slipped to 101.8 in May, after jumping nearly seven points in 
      April, to a 105.3 reading. Consumers' assessment of the current economic 
      situation surged to 118.2 in April, from 110 in March.
      
      GROSS DOMESTIC PRODUCT REVISION
      Thursday, May 30, 8:30 a.m.EDT -- The MMS median forecast for the first 
      revision in real GDP expects no change in the initial growth rate of 2.8% (at 
      an annual rate) for the first quarter. However, the upward revisions to 
      February and March retail sales suggest that consumer spending may have been 
      stronger last quarter than first thought. The economy grew at just a 0.5% rate 
      in 1995's fourth quarter. Aftertax profits likely rose 1.1% in the first 
      quarter from the fourth. That's slightly less than the 1.9% gain in the fourth 
      quarter.
      
      NEW HOME SALES
      Thursday, May 30, 10 a.m.EDT -- Sales of new single-family homes probably 
      rebounded to an annual rate of 683,000 in April, after plunging 7.6% in March 
      to a 672,000 rate.
      
      PERSONAL INCOME
      Friday, May 31, 8:30 a.m.EDT -- Personal income probably increased by a solid 
      0.4% in April, projects the MMS survey. However, consumer spending was likely 
      up a smaller 0.2% for the month, as services offset a 0.3% drop in retail goods 
      purchases. In March, personal income increased by 0.5%, while spending jumped 
      0.6% on strong motor-vehicle sales.
      
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