Tuesday, April 28, 2020

Wednesday: GDP, FOMC Announcement, Pending Home Sales

by Calculated Risk on 4/28/2020 08:17:00 PM

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

• At 8:30 AM, Gross Domestic Product, 1st quarter 2020 (Advance estimate). The consensus is that real GDP decreased 4.0% annualized in Q1, down from 2.1% in Q4.

• At 10:00 AM, Pending Home Sales Index for March. The consensus is for a 10.0% decrease in the index.

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

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