PERSONAL INCOME
      Monday, July 1, 8:30 a.m.EDT -- Personal income likely grew 0.5% in May, the 
      same gain as in April, says the median forecast of economists surveyed by MMS 
      International, one of The McGraw-Hill Companies. Consumer spending likely rose 
      0.6% in May, after a 0.1% increase in April.
      
      CONSTRUCTION SPENDING
      Monday, July 1, 10 a.m.EDT -- Building outlays were probably flat in May, after 
      advancing 1.4% in April.
      
      NAPM SURVEY
      Monday, July 1, 10 a.m.EDT -- The National Association of Purchasing 
      Management's business index likely edged up to 51% in June, from May's 49.3%.
      
      LEADING INDICATORS
      Tuesday, July 2, 8:30 a.m.EDT -- The Conference Board's index of leading 
      indicators probably rose 0.2% in May.
      
      NEW HOME SALES
      Tuesday, July 2, 10 a.m.EDT -- New homes likely sold at a 740,000 annual rate 
      in May, after jumping 6.7% in April, to 776,000.
      
      FOMC MEETING
      Tuesday, July 2 -- Policymakers at the Federal Reserve Board will meet to set 
      monetary policy for the next six weeks. Economists expect no change in 
      short-term interest rates. The meeting ends July 3.
      
      FACTORY INVENTORIES
      Wednesday, July 3, 10 a.m.EDT -- Manufacturing inventories probably grew by 
      0.3% in May, after no change in April. That's suggested by the solid gain in 
      factory production in May.
      
      EMPLOYMENT
      Friday, July 5, 8:30 a.m.EDT -- The MMS median forecast calls for a healthy 
      addition of 150,000 jobs to June nonfarm payrolls, on top of the 348,000 jobs 
      created in May. The June unemployment rate is expected to remain at May's low 
      5.6%.
      
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