by Calculated Risk on 4/30/2024 07:03:00 PM

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

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

• At 8:15 AM, The ADP Employment Report for April. This report is for private payrolls only (no government). The consensus is for 180,000 payroll jobs added in April, down from 184,000 added in March.

• At 10:00 AM, ISM Manufacturing Index for April. The consensus is for the ISM to be at 50.1, down from 50.3 in March.

• Also at 10:00 AM, Construction Spending for March. The consensus is for a 0.3% increase in construction spending.

• Also at 10:00 AM, Job Openings and Labor Turnover Survey for March from the BLS.

• At 2:00 PM, FOMC Meeting Announcement. No change to to the Fed funds rate is expected.at this meeting.

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

• All day, Light vehicle sales for April. The expectation is for light vehicle sales to be 15.7 million SAAR in April, up from 15.5 million in March (Seasonally Adjusted Annual Rate).