by calculated risk April 27, 2024 08:11:00 AM
An important report scheduled for this week is the employment report for April.
Other key reports include Case-Shiller home prices for February, auto sales for April, and trade balance for March.
The FOMC will meet this week, but no policy changes are expected.
In the manufacturing industry, the April Dallas Federal Reserve Bank Manufacturing Survey and ISM Index will be released.
—– Monday, April 29th —–
10:30am: Dallas Fed Manufacturing Activity Survey For April.
—– Tuesday, April 30th —–
This graph shows the Nominal Seasonally Adjusted National Index, Composite 10 Index, and Composite 20 Index through the most recent report (Composite 20 started in January 2000).
The consensus is for the Comp 20 index to rise 6.7% year over year in February.
9:00am: FHFA Home Price Index For February. Originally it was a repeat sale only for GSE, but there is also an expanded index.
9:45am: Chicago Purchasing Managers Index For April. The consensus is 45.0, up from 41.4 in March.
10 am: Housing vacancies and home ownership in Q1 2024 From the Census Bureau.
—– Wednesday, May 1st —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
8:15am: ADP Employment Report For April. This report is for private payroll only (not government). The consensus is that 180,000 payroll jobs were added in April, down from 184,000 in March.
10am (Eastern Standard Time): ISM Manufacturing Index For April. The consensus is that the ISM will be 50.1, down from 50.3 in March.
10 am: construction expenditure For March. The consensus is that construction spending will increase by 0.3%.
This graph shows the number of jobs from JOLTS (black line), hires (dark blue), layoffs, layoffs and other (red column), and terminations (light blue column).
The number of job openings in February was 8.76 million, almost unchanged from January's 8.75 million.
The number of job offers in February (black) decreased by 11% compared to the same month last year.
2 pm: FOMC meeting announcement. No changes in policy are expected at this meeting.
2:30pm: Jerome Powell Fed Chairman A press conference will be held after the FOMC announcement.
This graph shows light vehicle sales since 1967, when BEA began collecting data. The dashed line is the sales rate for the previous month.
—– May 2nd (Thursday) —–
8:30am: First weekly unemployment claim The report will be published. The consensus was 210,000 initial claims, up from 207,000 last week.
This graph shows the U.S. trade deficit with and without oil, according to the latest report. The blue line is the total deficit, the black line is the oil deficit, and the red line is the trade deficit excluding petroleum products.
The consensus is that the trade deficit will be $68.8 billion. The US trade deficit in February was $68.9 billion.
—– Friday, May 3rd —–
303,000 jobs were added in March, bringing the unemployment rate to 3.8%.
This chart shows the number of jobs added each month since January 2021.
10 am: ISM Service Index For April. Consensus is 52.0, up from 51.4.