by Calculated Risk on 4/26/2011 11:05:00 PM

From Michael Derby at the WSJ: Bernanke's Code: a Guide to Fed Chairman's First Q&A Derby discusses "inflation expectations", TIPS, the "extended period" language, commodity prices, the Fed's balance sheet, the dollar and "jobs, jobs, jobs". A good preview.

Here was my earlier preview of the FOMC meeting. Note that the FOMC statement will be released earlier than usual at 12:30 PM ET, and the Bernanke press briefing will be at 2:15 PM (and Bernanke will release the Fed's updated forecast).

Also tomorrow:
7:00 AM: The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.

8:30 AM: Durable Goods Orders for March from the Census Bureau. The consensus is for a 2.0% increase in durable goods orders after decreasing 0.9% in February.

10:00 AM: Q1 Housing Vacancies and Homeownership report from the Census Bureau.

On House Prices earlier:
• Case Shiller: Home Prices near post-bubble lows in February
• Real House Prices and Price-to-Rent
• House Price Graphs