Labor, Commerce, Credit Reports Due This Week
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The economic calendar is almost bare this week after a flurry of major reports rained down on Wall Street last week.
Looking further ahead, most analysts still expect Federal Reserve policymakers to cut interest rates by a quarter of a percentage point at this month’s meeting June 26 and 27, but they are not expecting much more easing beyond that after this year’s five half-percentage-point cuts.
Tuesday, the Labor Department releases revised figures for first-quarter nonfarm productivity. The initial estimate was -0.1%.
Tuesday, the Commerce Department will report on factory orders in April. They rose 1.4% in March.
Thursday, the Commerce Department will report on wholesale inventories in April. They rose 0.1% in March.
Thursday, the Fed will issue its April report on consumer credit. Consumers took on $6.2 billion in debt in March.
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