Economic News for Burbank Area Real Estate Investors

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Of note this week is the FOMC (Federal Open Market Committee) rate policy meeting.

While it’s widely expected that the fed funds rate will remain unchanged, at zero to .25%,  the focus will be on the statements from this meeting regarding the state of the economy and the Fed’s long term policy goals.

Existing Home Sales are out tomorrow, which are expected to show an increase and New Home Sales are due out Wednesday and also expected to show an increase over the previous month.

On Thursday we’ll get jobless claims and GDP (Gross Domestic Product) for the first quarter of 2009, which is expected to post a decline.

Friday will bring Personal Income and Outlays and Consumer Sentiment.

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This entry was posted on 22. June 2009 at 00:00 and is filed under Economic Market Reports, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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