Not Expecting Fireworks From The Fed
Not Expecting Fireworks From The Fed
Powell can't consider cutting or hiking at the moment, and he can't communicate the reasons for that much differently than he already has. All that having been said, sometimes the market is just looking for an excuse to make a move on Fed days. So despite the fact that we don't expect any stunning revelations, volatility can't ever be ruled out.
10yr Auction to The Rescue
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Wednesday, May 07 | |||||
| 7:00AM | May/02 MBA Purchase Index | May/02 | 162.8 | 146.6 | |
| 7:00AM | May/02 MBA Refi Index | May/02 | 721 | 649.0 | |
| 10:30AM | May/02 Crude Oil Inventory (ml) | May/02 | -2.032M | -1.7M | -2.696M |
| 2:00PM | Fed Interest Rate Decision | 4.5% | 4.5% | 4.5% | |
| 2:30PM | Fed Press Conference | ||||
| 2:30PM | Powell Press Conference | ||||
| 3:00PM | Mar Consumer credit (bl) | Mar | $10.17B | $9.5B | $-0.81B |
| Thursday, May 08 | |||||
| 8:30AM | Apr/26 Continued Claims (ml) | Apr/26 | 1890K | 1916K | |
| 8:30AM | May/03 Jobless Claims (k) | May/03 | 230K | 241K | |
| 10:00AM | Mar Wholesale inventories mm (%) | Mar | 0.5% | 0.5% | |
| 11:00AM | Apr Consumer Inflation Expectations | Apr | 3.6% | ||
| 1:00PM | 30-Year Bond Auction | 4.813% | |||
| 1:00PM | 30-Yr Bond Auction (bl) | 25 | |||
