Time | Indicator/Event | Comment |
---|---|---|
08:30 | Personal consumption | Solid increase in March |
10:00 | U. Michigan cons. sent., late | Down a little more in the final April report |
Economic Indicator Preview for Friday, April 26, 2024
March data on PCE and PCE prices will be released at 8:30 this morning. The preliminary April reading for the University of Michigan consumer sentiment index will be published at 10:00.
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.