The Business Week Ahead

The week starts on Wednesday with the FHFA housing price index followed by existing home sales, both of which are expected to show strength and offer confirmation of consumer health. Thursday's jobless claims report will cover the sample week of the employment report and offer the first hard clues whether a June rebound in payrolls can be expected. New home sales will round out the week's housing data on Thursday with Friday led by durable goods orders where forecasts vary widely but where trends have been flat. The week closes with consumer sentiment amid expectations that strength will be confirmed, at least for sentiment though inflation expectations are uncertain.