Thursday, May 25, 8:30 a.m. EDT -- The Commerce Dept.'s second look at economic growth in the first quarter will likely show that real gross domestic product grew at a 5.4% annual rate, unchanged from the advance estimate on Apr. 27. That's the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Cos. The survey also forecasts that aftertax corporate profits increased 5% in the first quarter, from the fourth. The S&P MMS economists also expect that real GDP is growing at a 4.3% pace in the second quarter.


Thursday, May 25, 10 a.m. EDT -- Existing homes probably sold at an annual rate of 4.83 million in April, unchanged from March's pace. Despite rising mortgages rates, housing activity remains fairly robust.


Friday, May 26, 8:30 a.m. EDT -- New orders taken by durable goods manufacturers likely edged up 0.1% in April, following a 2.6% jump in March. Demand is being boosted both by domestic and foreign customers. Unfilled orders remain high.


Friday, May 26, 8:30 a.m. EDT -- The S&P MMS survey projects that personal income in April rose 0.6%, after a 0.5% advance in March. That's suggested by the solid job and wage growth. Consumer spending probably grew an additional 0.4% last month, after rising 0.5% in April.

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