Economic Events on May 22, 2012

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

At 10:00 AM Eastern time, the Existing Home Sales report for April will be released.  The consensus is that existing homes were sold at an annual rate of 4.66 million last month, which would be an increase of 180,000 from the previous month.

Also at 10:00 AM Eastern time, the Richmond Fed Manufacturing Index for May will be released.  The consensus is that the index will be at 11, which would be a decrease of 3 points from the previous month.

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