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Intraday Economic News: Economic Releases: Sept. 26 - 30 Sep 11
Standard & Poors, September 2011
Unable to find relief in the Federal Reserve's monetary policy announcement last week, fear-stricken markets will focus on housing, manufacturing, and consumer confidence data out this week, hoping to see some badly needed signs that the U.S. economy is not heading into another recession. Durable goods orders and third-quarter GDP revision reports will also be watched closely. Monday: New home sales for August should slip to a seasonally adjusted annualized 290,000 units, after falling to 298,000 in July. Tuesday: The S&P/Case-Shiller Home Price Index (20 cities) is expected to drop 4.6% year-over-year in July, after falling 4.5% in June. Consumer confidence should rise to 46.0 in September, after plunging to 44.5 in August Wednesday: Durables good orders for August should...
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