The Week Ahead

DURABLE GOODS ORDERS

Wednesday, Apr. 24, 8:30 a.m. EDT -- New orders for durable goods are forecast to have increased 0.4% in March, after jumping 1.5% during February. That's according to the median forecast of economists surveyed by Standard & Poor's MMS, a division of The McGraw-Hill Companies.

NEW RESIDENTIAL SALES

Wednesday, Apr. 24, 10 a.m. EDT -- New single-family home sales probably rose to an annual rate of 885,000 units in March.

BEIGE BOOK

Wednesday, Apr. 24, 2 p.m. EDT -- The Federal Reserve Board will release its collection of regional economic activity in advance of the policy meeting scheduled for May 7.

EMPLOYMENT COST INDEX

Thursday, Apr. 25, 8:30 a.m. EDT -- Compensation over the first quarter probably grew 0.9%, after a 0.9% gain in the final quarter of 2001.

EXISTING HOME SALES

Thursday, Apr. 25, 10 a.m. EDT -- Sales of existing homes in March very likely slipped to an annual rate of 5.6 million units. February sales came in at an annual rate of 5.9 million.

GROSS DOMESTIC PRODUCT

Friday, Apr. 26, 8:30 a.m. EDT -- The S&P MMS survey forecasts that the economy grew at an annual rate of 5% during the first quarter, after a 1.7% increase during the fourth quarter. Resilient consumer spending and a slowdown in the liquidation of inventories were most likely the biggest contributors to growth.

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