Mon. April 25, 10:00 a.m. ET March New Home Sales Estimate +10%
Tues. April 26, 9:00 a.m. ET Fed begins first day of a two-day monetary policy meeting
Tues. April 26, 10:00 a.m. ET April Consumer Confidence Estimate 64.5 vs. last 63.4
Tues. April 26, 1:00 p.m. ET Treasury sells $35 billion of 2-year notes
Wed. April 27, 8:30 a.m. ET Mar. Durable Goods Orders Estimate +2.0% vs. last -0.6%
Wed. April 27, 12:15 p.m. ET Fed meeting ends with release of traditional post-meeting statement
Wed. April 27, 1:00 p.m. ET Treasury sells $35 billion of 5-year notes
Wed. April 27, 2:15 p.m. ET Fed Chairman Bernanke holds press conference to discuss just completed monetary policy strategy session
For the first time in the 97-year history of the Federal Reserve the Chairman will hold a press conference to communicate as clearly as possible how the central bank intends to meet its twin mandate of controlling inflation and stimulating full employment. What Bernanke says and how he says it will have a significant impact on the direction of mortgage interest rates today.
Thurs. April 28, 8:30 a.m. ET Initial jobless claims for the week ended 4/23 Estimate Down 13,000 to 390,000
Thurs. April 28, 8:30 a.m. ET First estimate Q1 Gross Domestic Product Estimate +2.0% vs. last +3.1%
Thurs. April 28, 1:00 p.m. ET Treasury sells $29 billion of 7-year notes
Fri, April 29, 8:30 a.m. ET Mar. Personal Income & Spending Estimate +0.4% vs. last +0.3%
+0.5% vs. last +0.7%
Fri. April 29, 8:30 a.m. ET Q1 Employment Cost Index +0.5% vs. last +0.4%
Market Commentary: There is something for everybody embedded in this week’s calendar but it will be Wednesday’s televised monetary policy briefing by Fed Chairman Bernanke that will most influence rates.
