US: Key economic releases for the week ahead – Natixis

The analysis team at Natixis lists down the key economic data releases from the US for the week and expects Q1 GDP growth to be revised slightly upward from 0.7% to 0.9% QoQ ar.

Key Quotes

“Most of this revision should come from consumption as March sales were revised significantly upward in the last retail sales report. Meanwhile, in line with the recent trend in pending homes sales, we expect existing home sales to increase slightly in April, reaching 5.74 M unites annualized. On the other hand, new home sales should experience a slight decline (-1.0% MoM to 615K units annualized).”

“Durable goods orders are expected to contract in April, driven by the transport sector. Excluding this component, we expect orders to increase slightly during the month of April.”

“The Fed will release the Minutes of its last FOMC meeting. We will look at discussions between members on inflation and on the modalities of the balance sheet normalization. We will also monitor closely the numerous Fed speeches in order to gauge what will be the Fed’s reaction to the recent political turmoil.”