Economic Events on November 22, 2011

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:30 AM Eastern time, the preliminary GDP report for the third quarter of 2011 will be announced.  The consensus is an increase of 2.4% in real GDP and an increase of 2.5% in the GDP price index.  The real GDP estimate is 0.1% lower than the advance value for the third quarter of 2011, and the GDP price index is the same.

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

At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

At 2:00 PM Eastern time, the FOMC Meeting Minutes will be released, which will provide insight into how the Federal Reserve board governors and bank presidents view the economy.

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