| 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 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.
