The Week Ahead
Monday, June 28, 8:30 a.m. EDT -- May personal income is expected to rise 0.4%, with consumer outlays up 0.6%, based on the Standard & Poor's MMS survey of economic forecasters.
NEW HOME SALES
Tuesday, June 29, 10 a.m. EDT -- May sales are expected to dip to 950,000 from 978,000 in April.
Tuesday, June 29, 10 a.m. EDT -- The June index is expected to rise to 136.5 from 135.5.
Tuesday, June 29-Wednesday, June 30 -- The Federal Reserve's policy committee meets, and it is expected to lift interest rates by a quarter-point on June 30.
Wednesday, June 30, 10 a.m. EDT -- The May composite index of leading indicators is projected to show a 0.2% increase.
PURCHASING MANAGERS INDEX
Thursday, July 1, 10 a.m. EDT -- The National Association of Purchasing Management's index for June is projected to drop to 55%, from 55.2% in May.
Thursday, July 1 -- Auto makers will begin reporting their June sales with a final tally due on July 6.
Thursday, July 1, 2 p.m. EDT -- The Fed will release the minutes of its May 18 policy meeting, at which it leaned policy toward tightening.
Friday, July 2, 8:30 a.m. EDT -- June nonfarm payrolls are expected to rise 200,000, with the unemployment rate remaining at 4.2%.