Economic Calendar: May 22- May 26

Time (EST) Indicator (click for definition) Source (click for press release) Actual Forecast Previous (revised) Previous (original) Monday, May 22 2:30 p.m. Treasury auction announcement Bureau of the Public Debt The Treasury announces the size of its next monthly two-year and five-year note auctions, next Wednesday and Thursday. Tuesday, May 23 9 a.m. ICSC-UBS Weekly Chain Store Sales Snapshot for the week ended May 20 International Council of Shopping Centers and UBS -0.8% n.a. 0.0% 0.0% 9 a.m. Johnson Redbook Retail Sales Index for the week ended May 20, vs. April Redbook Research +3.3% n.a. -2.8% -2.9%* 10 a.m. Bernanke speech Federal Reserve The Fed chairman speaks to Senate Banking, Housing and Urban Affairs Committee on the topic: Financial Literacy Wednesday, May 24 8:30 a.m. Durable goods orders for April Census Bureau -4.8% -0.5% +6.6% +6.4% Ex-transportation -1.1% n.a. +3.5% +2.8% 9 a.m. Mortgage Applications Survey for the week ended May 19 -- Market Composite Index Mortgage Bankers Association 552.6 n.a. 588.0 588.0 Purchase Index 396.4 n.a. 426.7 426.7 9 a.m. Consumer Comfort Index for the week ended May 21 ABC News and Washington Post -19 n.a. -17 -17 10 a.m. New home sales for April Census Bureau 1.198M 1.150M 1.142M 1.213M 1:30 p.m. Treasury auction Bureau of the Public Debt The Treasury announces the results of its monthly two-year note auction, at which $22 billion of securities will be sold, with bids due at 1 p.m. Thursday, May 25 8:30 a.m. Initial Jobless Claims for the week ended May 20 Labor Department +329,000 +315,000 +369,000 +367,000 Four-week average +337,000 n.a. +334,000 +333,000 8:30 a.m. Gross domestic product for Q1 -- preliminary Commerce Department +5.3% +5.8% see Actual +4.8% (Q1 - advance) -- +1.7% (Q4) Implicit price deflator +3.3% +3.3% see Actual +3.3% (Q1 - advance) -- +3.5% (Q4) 10 a.m. Existing Home Sales for April National Association of Realtors 6.76M 6.79M 6.92M 6.92M 10 a.m. Help-Wanted Index for April Conference Board 35 38 38 38 1:30 p.m. Treasury refunding Bureau of the Public Debt The Treasury announces the results of its five-year note auction, at which $14 billion of securities will be sold, with bids due at 1 p.m. Friday, May 26 8:30 a.m. Personal income for April Commerce Department +0.5% +0.7% +0.5% +0.5% Consumption +0.6% +0.6% +0.5% +0.6% 9:45 a.m. Consumer Sentiment Index for May -- final University of Michigan 79.1 79.5 see actual 79.0 (May prelim.) -- 87.4 (April) 10:30 a.m. Weekly Leading Index for the week ended May 19 Economic Cycle Research Institute +3.2% n.a. +3.4% +3.4%

P-Preliminary forecast
*Month through previous Saturday, vs. prior month
Expectations as reported by Reuters

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