by Calculated Risk May 25, 2024 8:11 AM
The major reports this week are the second estimate of first-quarter GDP, Case-Shiller home prices for March, and personal income and spending for April.
Regarding manufacturing, the Richmond and Dallas Feds will be releasing their May manufacturing surveys.
—– Monday, May 27th —–
All US markets will be closed. anniversary.
—– Tuesday, May 28th —–
9:00AM: S&P/Case-Shiller Home Price Index The consensus forecast for the Case-Shiller national index in March is a 6.8% increase from a year ago, up from 6.4%.
This chart shows the year-over-year changes in the seasonally adjusted national index, the Composite 10 index, and the Composite 20 index through the most recent report (the Composite 20 was launched in January 2000).
9:00AM: FHFA Home Price Index March issue. Originally it was a repeat sale of only the GSEs, but there is also an expanded index.
10 am: Dallas Fed Manufacturing Activity Survey For May.
—– Wednesday, May 29th —–
7:00 AM EST: The Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.
10 am: Richmond Fed Manufacturing Activity Survey For May.
2 pm: Federal Reserve Beige BookIt is an informal review by the Federal Reserve Bank of the current economic conditions in each district.
—– Thursday, May 30th —–
8:30 AM: Unemployment claims (weekly) The report is released. The consensus is that new claims are up from 215,000 last week to 218,000.
8:30 AM: Gross domestic product, 1st quarter 2023 (Second estimate) The consensus is that real GDP in the first quarter increased at an annualized rate of 1.2%, down from the preliminary estimate of 1.6%.
10 am: Pending Home Sales Index A decline of 0.6% is expected in April.
—– Friday, May 31 —–
8:30 AM ET: Personal Income and Expenditures, April 2024Personal income is expected to increase 0.3%, and personal consumption is expected to increase 0.3%. The core PCE price index is expected to increase 0.3%. PCE prices are expected to increase 2.7% year-over-year, and core PCE prices are expected to increase 2.8% year-over-year.
9:45 AM: Chicago Purchasing Managers’ Index For May.
