This Week in the Economy

by CoyDavidson on August 21, 2011

Last week was troubling again for Wall Street as the increasing concern for even slower economic growth and the European financial crisis continued to negatively impact the equities market. More economists have revised downward their growth forecasts for the remainder of the year and increased the odds of another recession.

Below are links to the week’s top economic news:

The Week Ahead

Fed Chairman Ben Bernanke’s speech this coming Friday at the Fed’s annual meeting in Jackson Hole will be the major focus of the week. On the commercial real estate front Moody’s will release their property price indices on Monday.

Key Economic Reports to be released this week:

Monday

  • FRB Chicago: National Activity Index
  • Moody’s/REAL Commercial Property Price Indices

Tuesday

  • July New Home Sales

Wednesday

  • Durable Goods Orders

Thursday

  • Initial Weekly Unemployment Claims

Friday

  • Q2 GDP (second estimate)
  • Reuters/University of Michigan Consumer Sentiment Index
  • Baker Hughes Rig Count
  • Fed Chairman  Bernanke’s Speech

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