Economic Events on August 26, 2011

At 8:30 AM EDT, the preliminary GDP report for the second quarter of 2011 will be announced.  The consensus is an increase of 1.1% in real GDP and an increase of 2.3% in the GDP price index.  The real GDP estimate is 0.2% lower than the advance value for the second quarter of 2011, and the GDP price index is the same.

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

At 9:55 AM EDT, Consumer Sentiment for the second half of August will be announced.  The consensus is that the index will be at 56.0, which is 1.1 points higher than the value reported in the first half of the month.

At 10:00 AM EDT, Federal Reserve Chairman Ben Bernanke will speak at the Kansas City Fed conference in Jackson Hole, Wyoming on the state of the economy.

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