Economic Events on May 17, 2012

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 365,000 new jobless claims last week, which would would be 2,000 less than the previous week.

At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update on Americans’ views of the U.S. economy, their personal finances and the buying climate.

At 10:00 AM Eastern time, the Philadelphia Fed Survey report for May will be released.  The consensus is that the index will be at 10, which would be an increase of 1.5 points from the previous month.

Also at 10:00 AM Eastern time, the Leading Indicators for April will be released, and the consensus is that there was an increase of 0.1% from the previous month.

At 10:30 AM Eastern time, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.

At 4:30 PM Eastern time, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.

Also at 4:30 PM Eastern time, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.

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