Time | Indicator/Event | Comment |
---|---|---|
08:30 | Housing starts | March correction expected after comparatively strong February |
08:30 | Phila. Fed mfg survey | Probably not as strong as last month |
08:30 | Jobless claims | Little change expected in the latest week |
10:00 | 4- and 8-wk bill auction | Unchanged at $85 billion and $75 billion respectively |
11:00 | 2-, 5-, 7-yr, and 2-yr FRN note announcement | No changes planned |
11:00 | 6-, 13- and 26-wk bill announcement | No changes expected |
11:30 | 5-yr TIPS auction | $25 billion offering |
11:45 | Barr (FOMC voter) | Speaks at cyber security event |
14:00 | Recommended early close |
Economic Indicator Preview for Friday, April 18, 2025
Tariff uncertainty will undermine U.S. growth for the foreseeable future – and will also create protracted inflation risks that will prevent the Fed from reacting quickly. Inflation expectations will be a critical variable in the monetary policy outlook due both to their impact on price-setting dynamics and to their implications for the Fed’s assessment of the current degree of policy restraint. We also have a grab-bag of selective technical observations about last week’s market developments: futures positions, the spike in TRACE volume, modest participation levels in the latest Treasury buybacks and the outlook for resuming morning SRF operations.