Economic Events on May 27, 2010

At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report.  The consensus is that there were 450,000 new jobless claims last week, which would be slightly less than the higher than expected number that was reported last week.

Also at 8:30 AM EDT, the preliminary GDP report for the first quarter of 2010 will be announced.  The consensus is an increase of 3.5% in real GDP and an increase of 0.9% in the GDP price index.  These estimates are slightly higher than the advance estimates for this quarter, and indicate moderate growth.

Also at 8:30 AM EDT, the Corporate Profits report from the Bureau of Economic Analysis will be released.

At 10:00 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM EDT, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM EDT, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

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