GDP Growth Expected to Accelerate in 2Q -- Data Week Ahead Update

The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal.

The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET.

DATE      TIME  RELEASE                    PERIOD     CONSENSUS    PREVIOUS
          (ET)
Tuesday   0830  Durable Goods Orders        Jun      +2.0%   (28)  +2.3%
          0900  S&P/Case-Shiller            May      +16.4%  (8)   +14.9%
                  20-City HPI Y/Y
          1000  Consumer Confidence         Jul       124.0  (31)   127.3
          1000  Richmond Fed Mfg Svy        Jul       21.5   (6)    22
Thursday  0830  Jobless Claims              Jul 24    380K   (21)   419K
          0830  Real GDP (1st Reading)      2Q       +8.4%   (32)  +6.4%*
          0830  GDP Prices (1st Reading)    2Q       +5.4%   (11)  +4.3%*
          1000  Pending Home Sales          Jun      +0.5%   (15)  +8.0%
Friday    0830  Personal Income             Jun      -0.2%   (31)  -2.0%
          0830  Consumer Spending           Jun      +0.7%   (31)  +0.0%
          0830  Core PCE Prices M/M         Jun      +0.6%   (27)  +0.5%
          0830  Core PCE Prices Y/Y         Jun      +3.6%   (14)  +3.4%
          0830  Employment Cost Index       2Q       +0.9%   (23)  +0.9%
          0945  Chicago PMI                 Jul       64.1   (12)   66.1
          1000  Consumer Sentiment          Jul       80.8   (20)   80.8**
                  (Final)

*1Q 3rd Reading
**July Prelim Reading

(Figures in parentheses refer to number of economists surveyed.)

Write to Tim Merle at dataweekahead@wsj.com


  (END) Dow Jones Newswires
  07-26-21 1418ET
  Copyright (c) 2021 Dow Jones & Company, Inc.

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