Economic Events on June 7, 2012

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 379,000 new jobless claims last week, which would would be 4,000 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 Quarterly Services Survey will be released, showing the status of the information and technology-related service industries.

Also at 10:00 AM Eastern time, Federal Reserve Chairman Ben Bernanke will testify before the Joint Economic Committee on the economic outlook in Washington.

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 3:00 PM Eastern time, the Consumer Credit report for April will be released.  The consensus estimate is that there will be an increase of $12.0 billion in the consumer credit available, after an increase of $21.4 billion in the previous month.

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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