Here are the economic data highlights for this week, along with consensus predictions, via Bill McBride and the Financial Times. Highlights include testimony by Treasury Secretary Jacob Lew and Federal Reserve Chairman Ben Bernanke, as well as the release of the minutes from the last Federal Open Market Committee meeting. All times are Eastern Daylight Time.
Sunday, May 19
12:00 AM: Government borrowing limit unsuspended
Monday, May 20
1:00 PM: Federal Reserve Bank of Chicago President Charles Evans speaks on “Perspectives on the Current Economy” at the CFA Society in Chicago, Illinois.
Tuesday, May 21
10:00 AM: Treasury Secretary Jacob Lew testifies on the Financial Stability Oversight Council before the Senate Banking Committee.
11:30 AM: Federal Reserve Bank of St. Louis President James Bullard speaks on “Monetary Policy Options in a Low-rate Environment” in Frankfurt, Germany.
1:00 PM: Federal Reserve Bank of New York President William Dudley speaks on “Lessons at the Zero Bound” at the Japan Society in New York, New York.
Wednesday, May 22
10:00 AM: Existing Home Sales for April from the National Association of Realtors (NAR). The consensus is for sales of 5.00 million on seasonally adjusted annual rate (SAAR) basis… A key will be inventory and months-of-supply.
10:00 AM: Federal Reserve Chairman Ben Bernanke testifies on ”Economic Outlook” before the Joint Economic Committee.
10:00 AM: Treasury Secretary Jacob Lew testifies on the Financial Stability Oversight Council before the House Financial Services Committee.
2:00 PM: FOMC Minutes for Meeting of April 30-May 1, 2013.
Thursday, May 23
6:05 AM: Federal Reserve Bank of St. Louis President James Bullard speaks on the U.S. economy and monetary policy at the Official Monetary and Financial Institutions Forum in London, England.
10:00 AM: New Home Sales for April from the Census Bureau… The consensus is for an increase in sales to 425 thousand Seasonally Adjusted Annual Rate (SAAR) in April from 417 thousand in March.
Friday, May 24
8:30 AM: Durable Goods Orders for April from the Census Bureau. The consensus is for a 1.1% increase in durable goods orders.