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US Data: Highlights of MNI Survey of Economic Forecasts

     WASHINGTON (MNI) - The following are highlights of forecasts for   
upcoming U.S. economic indicators provided by participants in the MNI   
weekly survey. The comment section presents the key elements behind the 
median forecasts.          
Existing-home Sales for February (annual rate)                           
 Friday, March 22 at 10:00 a.m. ET                       Actual:
                 Median       Range                  Feb19  Jan19  Dec18
 Home Resales     5.10m  5.00m to 5.40m                 --  4.94m  5.00m
     Comments: The pace of existing home sales is expected to rebound to 
a 5.10 million annual rate in February after a further decline in 
January. Pending home sales rebounded by 4.6% in January after six 
straight declines. 
Treasury Statement for February ($ billions)                           
 Friday, March 22 at 2:00 p.m. ET                        Actual:
             Median           Range              Feb19   Jan19    Feb18
 Balance   -$227.0b    -$230.0 to -$225.0           --  +$8.7b -$215.2b
     Comments: The US Treasury is expected to post a $227.0 billion 
budget deficit in February, wider than the $215.2 billion deficit in 
February 2018. As a result, the 2019 fiscal year gap remains on track to 
eclipse the previous fiscal year's deficit by a wide margin.
--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com
[TOPICS: MTABLE,M$U$$$]

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