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Economic News for Burbank Area Real Estate Investors

Posted By Burbank Real Estate On 22. June 2009 @ 00:00 In Economic Market Reports, Blogroll | No Comments

[1] The effective federal funds rate charted over ...Image via [2] Wikipedia

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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URL to article: http://burbankmarketreport.com/2009/06/22/burbank-real-estate-burbank-real-estate-agent-economic-news-new-home-sales-existing-home-sales/

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[1] Image: http://commons.wikipedia.org/wiki/Image:Federal_Funds_Rate_%28effective%29.png
[2] Wikipedia: http://commons.wikipedia.org/wiki/Image:Federal_Funds_Rate_%28effective%29.png
[3] The Federal Reserve in Plain English : http://movephilly.blogspot.com/2009/04/federal-reserve-in-plain-english.html
[4] The business week ahead : http://seattletimes.nwsource.com/html/businesstechnology/2009364227_sunmemo21.ht
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[5] Stocks Finish Higher after Fed Decision : http://r.zemanta.com/?u=http%3A//www.businessweek.com/investor/content/apr2009/p
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