FEDERAL BUDGET
      Monday, Nov. 24, 2 p.m. EST -- The Treasury Dept. is likely to report a deficit 
      of $35 billion for October, the first month of fiscal 1998. That's the median 
      forecast of economists surveyed by MMS International, one of The McGraw-Hill 
      Companies. In October, 1996, Washington posted a $39.8 billion debt as the 
      federal deficit totaled $22.6 billion for all of fiscal 1997, the lowest budget 
      gap in 23 years.
      
      CONSUMER CONFIDENCE
      Tuesday, Nov. 25, 10 a.m. EST -- The Conference Board's index of consumer 
      confidence likely stood at 123 for November. The reading would be little 
      changed from October's 123.3, suggesting that the turmoil in the global 
      financial markets has not caused households to worry. Consumers are probably 
      concentrating more on the bright outlook for job prospects.
      
      REAL GROSS DOMESTIC PRODUCT
      Wednesday, Nov. 26, 8:30 a.m.EST -- The MMS median forecast expects that the 
      Commerce Dept. will report that the third-quarter economy grew at an annual 
      rate of 3.5%, unchanged from the initial estimate of a month ago. Real gross 
      domestic product grew at a 3.3% pace in the second quarter. Aftertax corporate 
      profits likely rose 2.1% in the third quarter over the second, when they grew 
      1.7%.
      
      DURABLE GOODS ORDERS
      Wednesday, Nov. 26, 8:30 a.m. EST -- New orders taken by durable goods 
      manufacturers likely increased 0.5% in October, on top of a 0.1% gain in 
      September and a 2.5% surge in August.
      
      PERSONAL INCOME
      Friday, Nov. 28, 8:30 a.m. EST -- Personal income probably increased a solid 
      0.5% in October, says the MMS survey, after a 0.4% advance in September. The 
      October gain is suggested by the strong growth in payrolls and hourly earnings. 
      Consumer spending likely rose 0.3%, after gaining 0.2% in September. The small 
      increase is suggested by the weakness in retail sales.
      
Before it's here, it's on the Bloomberg Terminal. LEARN MORE