PERSONAL INCOME
      Monday, June 30, 8:30 a.m.EDT -- Personal income likely rose 0.4% in May, while 
      consumer spending was up 0.3%, according to the median forecast of economists 
      surveyed by MMS International, one of The McGraw-Hill Companies. In April, 
      income and spending each advanced just 0.1%.
      
      NEW HOME SALES
      Monday, June 30, 10 a.m.EDT -- Homes likely sold at an annual rate of 775,000 
      in May, after dropping 7.7% to 772,000 in April.
      
      FOMC MEETING
      Tuesday, July 1 -- The Federal Reserve's Federal Open Market Committee will 
      meet to set monetary policy for the next six weeks. All the economists surveyed 
      by MMS expect the Fed to leave short-term interest rates unchanged. The policy 
      meeting continues on July 2.
      
      NAPM SURVEY
      Tuesday, July 1, 10 a.m.EDT -- The National Association of Purchasing 
      Management's index likely stood at 57% in June. That's hardly changed from 
      May's 57.1%.
      
      LEADING INDICATORS
      Tuesday, July 1, 10 a.m.EDT -- The Conference Board's index of leading 
      indicators probably rose 0.2% in May, after a small 0.1% slip in April.
      
      CONSTRUCTION SPENDING
      Tuesday, July 1, 10 a.m.EDT -- The MMS consensus expects that building outlays 
      rose 0.5% in May, after falling 1% in April.
      
      FACTORY INVENTORIES
      Wednesday, July 2, 10 a.m.EDT -- Factory inventories probably rose a modest 
      0.3% in May, half the 0.6% gain in April.
      
      EMPLOYMENT
      Friday, July 3, 8:30 a.m.EDT -- The MMS median forecast calls for a 228,000 
      increase in June nonfarm payrolls. That's far stronger than the 138,000 gain 
      posted in May. The June unemployment rate likely edged up to 4.9%, from May's 
      4.8%.
      
      
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