FEDERAL BUDGET
      Monday, Feb. 24, 2 p.m.EST  -- The U.S. Treasury is likely to report a surplus 
      of $16.8 billion for January, a bit lower than the $19.5 billion surplus of a 
      year earlier. That's the median forecast of economists surveyed by MMS 
      International, one of The McGraw-Hill Companies.
      
      CONSUMER CONFIDENCE
      Tuesday, Feb. 25, 10 a.m.EST  -- The Conference Board's index of consumer 
      confidence probably fell to 115.8 in February, from a reading of 116.8 in 
      January. However, the high level of the February index would still show that 
      consumers are quite pleased with the economy's performance.
      
      HUMPHREY-HAWKINS TESTIMONY
      Wednesday, Feb. 26, 10 a.m.EST  -- Federal Reserve Chairman Alan Greenspan is 
      scheduled to give his semiannual testimony on monetary policy to the Senate 
      Banking Committee. Greenspan will report the Fed's central-tendency forecasts 
      for economic growth, inflation, unemployment, and money-supply growth for 1997. 
      Greenspan will testify to the House Banking Committee on Feb. 27.
      
      DURABLE GOODS ORDERS
      Thursday, Feb. 27, 8:30 a.m.EST  -- New orders for durable goods likely 
      increased 1% in January. That follows two steep declines, including a 1.9% drop 
      in December.
      
      EXISTING HOME SALES
      Thursday, Feb. 27, 10 a.m.EST  -- The MMS median forecast projects existing 
      homes probably sold at an annual rate of 3.9 million in January, about even 
      with the 3.87 million sold in December.
      
      GROSS DOMESTIC PRODUCT
      Friday, Feb. 28, 8:30 a.m.EST  -- Real GDP probably grew at a revised annual 
      rate of 4.4% in the fourth quarter, says the MMS forecast. That's slightly down 
      from the 4.7% gain initially reported by the Commerce Dept., but still faster 
      than the 2.1% increase in the third quarter. The revision will likely show that 
      inventories grew slower than first thought.
      
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