Economic Events on April 29, 2011

At 8:30 AM EDT, the monthly Personal Income and Outlays report for March will be released. The consensus for Personal Income is an increase of 0.3% over the previous month and the consensus Consumer Spending index change is an increase of 0.5%.

Also at 8:30 AM EDT, the Employment Cost Index for the first quarter of 2011 will be announced.

At 9:45 AM EDT, the Chicago PMI Index for April will be announced.  The consensus index value is 68, which is 2.6 points lower than last month, but is still well above the break-even level at 50.

At 9:55 AM EDT, Consumer Sentiment for the second half of April will be announced.  The consensus is that the index will be at 69.6, which is the same as the value reported in the first half of the month.

At 12:30 PM EDT, Federal Reserve Chairman Ben Bernanke will give a speech to the San Francisco Federal Reserve Bank Community Affairs Research Conference.

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

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