| Time | Indicator/Event | Comment |
|---|---|---|
| 08:30 | GDP | Solid growth again in Q1 |
| 08:30 | Advance international trade | Somewhat wider deficit in March |
| 08:30 | Jobless claims | Mild increase expected in the latest week |
| 10:00 | Pending home sales | Up half a percent or so in March |
| 11:00 | Kansas City Fed index | Up slightly this month |
| 11:00 | 6-, 13- and 26-wk bill announcement | No changes expected |
| 11:30 | 4- and 8-wk bill auction | $70 billion and $75 billion respectively |
| 13:00 | 7-yr note auction | $44 billion offering |
Economic Indicator Preview for Thursday, April 25, 2024
The first estimate of Q1 GDP and the advance international trade report for March will come out at 8:30 this morning along with the weekly jobless claims data. The pending home sales report is scheduled for 10:00, and the Kansas City Fed manufacturing survey will be released at 11:00.
Treasury Highlights for Thursday, April 25, 2024
The daily pattern of tax collections last week differed significantly from our forecast, but the cumulative total was only modestly stronger than we expected. The outlook for the remainder of the month remains very uncertain, however. Looking ahead to the inaugural Treasury buyback announcement that is due to be included in next Wednesday’s refunding statement, this week’s MMO recaps our earlier discussions of the proposed program. Finally, the Fed’s semiannual financial stability report on Friday afternoon included some interesting details on BTFP usage, which was even more broadly based than we would have guessed.
