The Week Ahead
DURABLE GOODS ORDERS
Tuesday, Jan. 28, 8:30 a.m. EST -- New orders for durable goods probably rose 0.8% in December. That's based on the median forecast of economists surveyed by MMS International.
Tuesday, Jan. 28, 9 a.m. EST -- The Federal Reserve Board's Open Market Committee will meet for two days to set monetary policy. Economists surveyed by MMS International fully expect interest rates will hold at 1.25%.
Tuesday, Jan. 28, 10 a.m. EST -- The Conference Board's January confidence index very likely slipped to 80, from 80.3 in December.
GROSS DOMESTIC PRODUCT
Thursday, Jan. 30, 8:30 a.m. EST -- The economy is forecast to have grown at an annual rate of 1% in the fourth quarter, much slower than the 4% pace of the third quarter.
EMPLOYMENT COST INDEX
Thursday, Jan. 30, 8:30 a.m. EST -- Compensation in the fourth quarter probably climbed by 0.8%, for a second straight period.
Friday, Jan. 31, 8:30 a.m. EST -- Personal income in December most likely rose 0.2%, while personal expenditures probably increased 0.7%.