The Week Ahead
NEW SINGLE-FAMILY HOME SALES
Monday, Mar. 29, 10 a.m. EST -- New homes in February likely sold at an annual rate of 919,000, says the median forecast of economists surveyed by Standard & Poor's MMS, a unit of The McGraw-Hill Companies. Sales fell 5% in January, to 918,000.
Tuesday, Mar. 30, 9 a.m. EST -- The Federal Reserve's Open Market Committee will meet to set monetary policy. The federal funds rate is expected to remain at 4.75%.
Tuesday, Mar. 30, 10 a.m. EST -- The Conference Board's index of consumer confidence likely slipped to 131.0 in March, from 132.1 in February. Consumer optimism is crucial to the economy, since household spending has been the major power behind growth.
Wednesday, Mar. 31, 10 a.m. EST -- Factory stock levels likely fell another 0.2% in February, after a 0.3% drop in January.
Thursday, Apr .1 8:30 a.m. EST -- The S&P MMS forecast expects that in February personal income increased 0.4%, while consumer spending jumped 0.6%. In January, incomes were up 0.6%, but outlays rose a milder 0.3%.
Thursday, Apr. 1, 10 a.m. EST -- The National Association of Purchasing Management's index probably stood at 52.2% in March, little changed from February's 52.4%.
Thursday, Apr. 1, 10 a.m. EST -- Building spending probably increased 0.5% in February, on top of a 1.7% jump in January.
Friday, Apr. 2, 8:30 a.m. EST -- The S&P MMS median forecast calls for a 175,00 gain in new jobs in March, after a strong 275,000 advance in February. The jobless rate is projected to remain at 4.4%.