The Week Ahead
Tuesday, May 27, 10 a.m. EDT -- The Conference Board's May confidence index probably rose to 82.3, says the median forecast of economists surveyed by MMS International.
NEW RESIDENTIAL SALES
Tuesday, May 27, 10 a.m. EDT -- New single-family home sales for April most likely eased to an annual rate of 980,000.
EXISTING HOME SALES
Tuesday, May 27, 10 a.m. EDT -- Existing home sales in April probably held steady, after sales declined to an annual rate of 5.53 million in March.
DURABLE GOODS ORDERS
Wednesday, May 28, 8:30 a.m. EDT -- New orders for durable goods are expected to have fallen 1% in April, after a 1.5% jump in March.
GROSS DOMESTIC PRODUCT (REVISED)
Thursday, May 29, 8:30 a.m. EDT -- The Commerce Dept.'s second look at first-quarter economic activity will probably show that real GDP grew at annual rate of 1.9%, from an initial gain of 1.6%. First-quarter aftertax corporate profits probably rose 2.9%.
Friday, May 30, 8:30 a.m. EDT -- Personal income in April very likely climbed 0.2%, after a 0.4% rise in March. April consumer spending probably rose just 0.1%, after growing 0.4%.