The Week Ahead
NEW HOME SALES
Monday, Mar. 30, 10 a.m. EST -- New homes likely sold at an annual rate of 860,000 in February, says the median forecast of economists surveyed by Standard & Poor's MMS, one of The McGraw-Hill Companies. In January, 877,000 homes were sold.
Tuesday, Mar. 31 -- The Federal Reserve's Open Market Committee will meet to set monetary policy. The S&P MMS economists expect no change in interest rates.
Tuesday, Mar. 31, 10 a.m. EST -- The Conference Board's consumer confidence index likely slipped to 137.2 in March after jumping 10 points in February, to a reading of 138.3.
Wednesday, Apr. 1, 10 a.m. EST -- The S&P MMS survey forecasts that the National Association of Purchasing Management's business index likely fell to 53% in March, from 53.3% in February.
Wednesday, Apr. 1, 10 a.m. EST -- Construction spending probably rose 0.5% in February, as suggested by the jump in housing starts. Unseasonably warm weather helped lift outlays by 0.7% in January.
Wednesday, Apr. 1, 10 a.m. EST -- The Conference Board's index of leading indicators probably rose 0.2% in February after no change in January.
Thursday, Apr. 2, 10 a.m. EST -- Factory inventories likely fell a bit in February after increasing just 0.1% in January.
Friday, Apr. 3, 8:30 a.m. EST -- The S&P MMS median forecast expects that nonfarm payrolls rose by 235,000 in March, on top of February's huge 310,000 gain. The jobless rate likely remained at 4.6%.