by Calculated Risk on 4/24/2021 08:11:00 AM

The key report scheduled for this week is Q1 GDP.

Other key reports include February Case-Shiller house prices, and Personal Income and Outlays for March.

For manufacturing, the April Dallas and Richmond manufacturing surveys will be released.

The FOMC meets this week, and no change to policy is expected at this meeting.

----- Monday, Apr 26th -----
8:30 AM: Durable Goods Orders for March from the Census Bureau. The consensus is for a 2.5% increase in durable goods orders.

10:30 AM: Dallas Fed Survey of Manufacturing Activity for April.

----- Tuesday, Apr 27th -----
9:00 AM: S&P/Case-Shiller House Price Index for February.

This graph shows the nominal seasonally adjusted National Index, Composite 10 and Composite 20 indexes through the most recent report (the Composite 20 was started in January 2000).

The consensus is for a 11.6% year-over-year increase in the Comp 20 index for February.

9:00 AM: FHFA House Price Index for February. This was originally a GSE only repeat sales, however there is also an expanded index.

10:00 AM: Richmond Fed Survey of Manufacturing Activity for April. This is the last of regional manufacturing surveys for April.

10:00 AM: the Q1 2021 Housing Vacancies and Homeownership from the Census Bureau.

----- Wednesday, Apr 28th -----
7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

2:00 PM: FOMC Meeting Announcement. No change to policy is expected at this meeting.

2:30 PM: Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

----- Thursday, Apr 29th -----
8:30 AM: The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 525 thousand from 547 thousand last week.

8:30 AM: Gross Domestic Product, 1st quarter 2021 (Advance estimate). The consensus is that real GDP increased 6.5% annualized in Q1, up from 4.3% in Q4.

10:00 AM: Pending Home Sales Index for March. The consensus is for a 6.0% increase in the index.

----- Friday, Apr 30th -----
8:30 AM ET: Personal Income and Outlays, March 2021. The consensus is for a 20.1% increase in personal income, and for a 4.2% increase in personal spending. And for the Core PCE price index to increase 0.3%.

9:45 AM: Chicago Purchasing Managers Index for April.

10:00 AM: University of Michigan's Consumer sentiment index (Final for April). The consensus is for a reading of 87.5.