THIS WEEK'S MAJOR U.S. ECONOMIC REPORTS & FED SPEAKERS

TIME (ET) REPORT PERIOD ACTUAL MEDIAN FORECAST PREVIOUS

MONDAY, APRIL 25
None scheduled

TUESDAY, APRIL 26
8:30 am Durable goods orders March -- -2.1%
8:30 am Core capital equipment orders March -- -0.2%
9 am S&P Case-Shiller U.S. home price index (year-over-year) Feb. -- 19.2%
9 am FHFA U.S. home price index (year-over-year) Feb. -- 18.2%
10 am Consumer confidence index April -- 107.2
10 am New home sales (SAAR) March -- 772,000

WEDNESDAY, APRIL 27
8:30 am Advance report on international trade in goods March -- -$106.6 billion
10 am Pending home sales index March -- -4.1%
10 am Home ownership rate (NSA) Q1 -- 65.5%

THURSDAY, APRIL 28
8:30 am Initial jobless claims April 23 -- N/A
8:30 am Continuing jobless claims April 16 -- N/A
8:30 am Real gross domestic product (SAAR) (first estimate) Q1 -- 6.9%

FRIDAY, APRIL 29
8:30 am Employment cost index Q1 -- 1.0%
8:30 am PCE price index March -- 0.6%
8:30 am Core PCE price index March -- 0.4%
8:30 am PCE price index (year-over-year) March -- 6.4%
8:30 am Core PCE price index (year-over-year) March -- 5.4%
8:30 am Nominal personal income March -- 0.5%
8:30 am Nominal consumer spending March -- 0.2%
8:30 am Real disposable incomes March -- -0.2%
8:30 am Real consumer spending March -- -0.4%
9:45 am Chicago PMI April -- 62.9
10 am UMich consumer sentiment index (final) April -- 65.7
10 am UMich 5-year inflation expectations April -- 3.0%

Economic outlook

Up next for the markets: April 25-April 29

James Chen
Head of Content Studio, J.P. Morgan Wealth Management

April 19, 2022 | 3 min read

• Inflation’s impact on consumer spending will be on full display this week with a bevy of key economic data points slated for release, covering everything from durable goods orders to personal income.
• The advance report on durable goods will shed more light on how soaring prices are impacting demand for big-ticket items, while consumer spending for March will tell us whether or not people are pulling back on purchases with inflation at its highest point since 1982.

Inflation hit a new 40-year high in March with the latest CPI data showing prices increasing across the board. The impact that’s having on consumer and business spending will become more clear this week, with a slate of economic reports set for release.

On the business front, the advance report on durable goods for March is due. This tracks orders, shipments and inventories of pricey items at the nation’s manufacturers, and also gives investors deeper insight into industrial activity. With input prices soaring in February, orders declined. Investors will be paying close attention to see if more of the same occurred in March.

Consumer spending for March is scheduled for release this week. This tracks the amount of purchases consumers made in a given month and provides more color on the state of the economy. Also on tap this week are pending home sales for March, initial and existing jobless claims for the previous week and personal income for March.{snip}