The Week Ahead: Jam-Packed Economics and Events Calendar
Posted To: MND NewsWire
Expectations for this week’s data is solidly optimistic as economists have recently been revising their forecasts for 2010 growth upwards. As Ellen Zentner from BTMU noted, “The most reliable broad indicators of the U.S. economy are expanding at a healthy clip, suggesting that first quarter growth will come in around 3.5% with all of 2010 coming in around 3.2%.” Although Monday begins the week on a slow note in terms of fresh data, the rest of the week is packed with housing data, retail sales, industrial production, and regional manufacturing indexes. In addition, countless officials from the Federal Reserve are on the speaking circuit from Tuesday to Friday. And even if the week were slow, investors would still be busy as stock prices trade at their highest levels since…(read more)