Economic Events on May 28, 2010

At 8:30 AM EDT, the monthly Personal Income and Outlays report for April will be released.  The consensus for Personal Income is an increase of 0.5% over the previous month, which would be the third month of gains in a row.  The consensus for Consumer Spending is an increase of 0.2% after a strong March, and the consensus Core PCE price index change is an increase of 0.1%.

At 9:45 AM EDT, the Chicago PMI Index for May will be announced.  The consensus index value is 62.0, which would be a decrease from April, but is still well above the break-even level at 50.

At 9:55 AM EDT, Consumer Sentiment for the second half of May will be announced.  The consensus is that the index will be at 73.3, which is the same level reported in the first half of the month.

At 3:00 PM EDT, the Farm Prices report for April will be released, giving investors and economists an indication of the direction of food prices in the coming months.

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