The Week Ahead
EXISTING HOME SALES
Tuesday, Feb. 25, 10 a.m. EST -- Existing home sales in January are forecast to have eased to an annual rate of 5.75 million, from a pace of 5.86 million in December. That's based on the median forecast of economists surveyed by MMS International.
Tuesday, Feb. 25, 10 a.m. EST -- The Conference Board's February confidence index most likely declined to 77.3, from 79 in January.
DURABLE GOODS ORDERS
Thursday, Feb. 27, 8:30 a.m. EST -- New orders for durable goods are expected to have risen 0.5% in January. In December, orders fell 0.2%.
NEW RESIDENTIAL SALES
Thursday, Feb. 27, 10 a.m. EST -- New single-family home sales for January most likely stood at an annual rate of 1.03 million. In December, sales climbed to a rate of 1.08 million homes. Home sales should stay strong with mortgage rates easing further.
GROSS DOMESTIC PRODUCT (REVISION)
Friday, Feb. 28, 8:30 a.m. EST -- The MMS survey expects that the Commerce Dept.'s second look at fourth-quarter economic activity will show real GDP grew by an annual rate of 1.3%, up from an initial level of 0.7%.