Today's data 2011-02-28 (good data)

Consumer spending in January rose by only 0.2%, compared with 0.5% in December and economists' expectations of a 0.4% increase. However, personal income moved up by 1.0%, its largest gain since May 2009 and more than double the expected 0.4% increase. However, the slower growth in January reflects current challenges as the economy recovers.

Pending home sales declined for the second month in a row in January by 2.8% after a downwardly revised 3.2% decrease in December. The reading came in near expectations, and it is 1.5% lower than the January 2010 reading . However, such sales are more than 20.0% higher than the low point in June 2010.

The Chicago business barometer exceeded expectations, increasing to 71.2 in February, compared with 68.8 in January. Economists had predicted a reading of 67.7. Production drove the increase as the February figure nearly missed the 71.5 mark, last seen in July 1988.

Meanwhile, the National Association for Business Economics' released the results of its February survey of economists. They suggest that real gross domestic product will increase 3.3% in 2011, compared with the 2.6% increase predicted in November. The surveyed economists also expect monthly payrolls to gradually improve, but it likely won't be enoug h to pull the unemployment rate below 9.0%. 


(Data looks good.  Everything looks claimed down. everything look normal. market is slight up.  )
we are waiting for the result/deal of god cut. the deadline is March 4th this friday. looks very close to us.