The Business Week Ahead

The week's economic data will be overshadowed by the Fed's Jackson Hole symposium that begins Thursday. Janet Yellen is expected to speak but there are no details yet. New home sales will be Tuesday's focus and are expected to slow slightly from a cycle high followed on Wednesday by existing home sales which are also expected to fall back from a cycle high. The manufacturing PMI on Wednesday is expected to show some strength as are durable goods orders where the consensus for the ex-transportation reading is plus 0.5 percent. The second estimate for second-quarter GDP will round out Friday followed by consumer sentiment where readings have been flat.