Your Economy (No Politics)

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Economic News Updates with Notes:

http://www.foxbusiness.com/markets/economy/article/home-sales-decline-reached_530301_3.html

MONDAY, Mar 24

Chicago Fed National Activity Index (February)
January actual: -0.68%
February actual: −1.04

Existing Home Sales (February)
January actual: 4.89 million
February consensus: 4.85 million (-0.8%)
Actual: 5.03 million. 1st rise in 7 months.

TUESDAY, Mar 25

ICSC-UBS Store Sales
Actual W/W: -0.4%, Actual Y/Y: 1.0%

Redbook
Actual: 1.4%

S&P/Case-Shiller showed home prices
January fell by the most on record. 10.7%! 13 consecutive months.

Consumer Confidence Index (March)
February actual: 75.0
March consensus: 73.0
Actual: 64.5. A 5yr Low. The Lowest since 1973 when Nixon was President!

WEDNESDAY, Mar 26

MBA Application Index Week ended: Mar 21
Week Ended Mar 14: 652.0 -2.9%
No Mar 21 consensus
7:00EST

Durable Goods Orders (February)
January actual: -5.3%
February consensus: +0.7%
8:30EST

New Home Sales (February)
January actual: 588,000
February consensus: 575,000 (-2.2%)
10:00EST

Chicago Fed President Charles Evans speaks to the New York Association for Business Economics in New York

THURSDAY, Mar 27

Unemployment Insurance Claims Week Ended Mar 22
Mar 15 Actual: 378.000 (+22,000)
Mar 22 Consensus: 370,000
8:30EST

Gross Domestic Product – Final (4Q 07)

Preliminary: + 0.6%
Final consensus: +0.6%
8:30EST

Fed Governor Randall S. Kroszner speaks on Proposed Amendments at the Truth in Lending Act (Regulation Z) and the Home Ownership and Equity Protection Act to the National Association of Hispanic Real Estate Professionals Legislative Conference in Washington, D.C.

Fed Governor Frederic S. Mishkin speaks on Comfort Zones at Washington & Lee University, Lexington, Va.

FRIDAY, Mar 28

Personal Income (February)

January actual: +0.3%
February consensus: +0.3%

Personal Spending (February)

January actual: + 0.4%
February consensus: + 0.1%
8:30EST

Core PCE (February)

January actual: 2.2%
February consensus: 2.1%

UMichigan Consumer Sentiment – Final (March)

Preliminary actual: 70.5
Final consensus: 70.0
10:00EST