Economic Events on January 28, 2011

At 8:30 AM EST, the advance GDP report for the fourth quarter of 2010 will be announced.  The consensus is an increase of 3.5% in real GDP and an increase of 1.5% in the GDP price index.  The real GDP estimate is 0.9% higher than the preliminary estimate for this quarter from last month, and the GDP price index is 0.6% lower.

Also at 8:30 AM EST, the Employment Cost Index for the fourth quarter of 2010 will be announced.  The consensus is an increase of 0.5%, which is 0.1% more the third quarter of 2010.

At 9:55 AM EST, Consumer Sentiment for the second half of January will be announced.  The consensus is that the index will be at 73, which is 0.3 points higher than the value reported in the first half of the month.

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