Tuesday, July 30, 2019

Wednesday: FOMC Announcement, ADP Employment, Chicago PMI

by Calculated Risk on 7/30/2019 09:22:00 PM

• 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 July. This report is for private payrolls only (no government). The consensus is for 155,000 payroll jobs added in July, up from 102,000 added in June.

• At 9:45 AM, Chicago Purchasing Managers Index for July.

• At 2:00 PM, FOMC Meeting Announcement. The Fed is expected to announce a 25bps cut to the Fed Funds rate at this meeting.

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