Wednesday, May 29, 2013

Economic Calendar for the Week of May 27 – May 31

Economic Calendar for the Week of May 27 – May 31

 DateTime (ET)ReleaseForConsensusPriorImpact
Tu
May 28
10:00Consumer ConfidenceMay72.568.1Moderate
Th
May 30
08:30Initial Unemployment Claims5/25340K340KModerate
Th
May 30
08:30Continuing Unemployment Claims5/183.000M2.912MModerate
Th
May 30
08:30GDP – 2nd EstimateQ12.5%2.5%Moderate
Th
May 30
08:30GDP Deflator – 2nd EstimateQ11.2%1.2%Moderate
Th
May 30
10:00Pending Home SalesApr1.5%1.5%Moderate
Th
May 30
11:00Crude Inventories5/25NA–0.338MModerate
F
May 31
08:30Personal IncomeApr0.1%0.2%Moderate
F
May 31
08:30Personal SpendingApr0.1%0.2%HIGH
F
May 31
08:30PCE Prices – CoreApr0.1%0.0%HIGH
F
May 31
09:45Chicago PMIMay49.349.0HIGH
F
May 31
09:55U. of Michigan Consumer Sentiment – FinalMay83.783.7Moderate

>> Federal Reserve Watch   

Forecasting Federal Reserve policy changes in coming months... Some investors worry the Fed's super low Funds Rate could rise sooner, but economists expect no changes before the end of the year. Note: In the lower chart, a 1% probability of change is a 99% certainty the rate will stay the same.
Current Fed Funds Rate: 0%–0.25%
After FOMC meeting on:Consensus
Jun 190%–0.25%
Jul 310%–0.25%
Sep 180%–0.25%

Probability of change from current policy:

After FOMC meeting on:Consensus
Jun 19     <1 td="">
Jul 31     <1 td="">
Sep 18     <1 td="">