The Week Ahead
Tuesday, June 24, 9 a.m. EDT -- The Federal Reserve Board's Open Market Committee meets for two days to set monetary policy. The median forecast of economists surveyed by MMS International says the Fed will lower interest rates by 25 basis points, to 1%, on June 25.
Tuesday, June 24, 10 a.m. EDT -- The Conference Board's June confidence index probably inched down to 83 in June.
DURABLE GOODS ORDERS
Wednesday, June 25, 8:30 a.m. EDT -- New durable goods orders are expected to have risen by 0.7% in May, after falling by 2.3% during April.
NEW RESIDENTIAL SALES
Wednesday, June 25, 10 a.m. EDT -- New single-family home sales in May probably eased to 1.02 million, from 1.03 million in April.
EXISTING HOME SALES
Wednesday, June 25, 10 a.m. EDT -- Existing home sales in May are forecast to have climbed to an annual rate of 5.9 million.
Friday, June 27, 8:30 a.m. EDT -- Personal income in May probably rose 0.3%, while personal expenditures most likely grew 0.2%. In April, income remained unchanged while spending declined by 0.1%.