U.S. new-home sales declined more than forecast in April

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MONDAY, MAY 23 12 noon Atlanta Fed President Raphael Bostic speaks 7:30 pm Kansas City Fed President Esther George speaks TUESDAY, MAY 24 9:45 am S&P Global U.S. manufacturing PMI (flash) May 57.5 57.4 59.2 9:45 am S&P Global U.S. services PMI (flash) May 53.5 55.0 55.6 10 am New home sales (SAAR) April 591,000 750,000 709,000 12:20 pm Fed Chair Jerome Powell gives opening remarks at Native American development conference WEDNESDAY, MAY 25 8:30 am Durable goods orders April 0.7% 0.8% 8:30 am Core capital equipment orders April — 0.9% 12:15 pm Fed Vice Chair Lael Brainard gives commencement address 2 pm FOMC minutes THURSDAY, MAY 26 8:30 am Initial jobless claims May 21 215,000 218,000 8:30 am Continuing jobless claims May 14 — 1.32 million 8:30 am Real gross domestic product revision (SAAR) Q1 -1.3% -1.4% 8:30 am Real final sales to domestic purchasers revision (SAAR) Q1 — 2.6% 8:30 am Real gross domestic income (SAAR) Q1 — 5.1% 10 am Pending home sales index April -2.0% -1.2% FRIDAY, MAY 27 8:30 am PCE inflation April — 0.9% 8:30 am Core PCE inflation April 0.3% 0.3% 8:30 am PCE inflation (year-over-year) April — 6.6% 8:30 am Core PCE inflation April 4.9% 5.2% 8:30 am Real disposable income April — -0.4% 8:30 am Real consumer spending April — 0.2% 8:30 am Nominal personal income April 0.5% 0.5% 8:30 am Nominal consumer spending April 0.7% 1.1% 8:30 am Advance trade in goods April — -$125.3 billion 10 am UMich consumer sentiment index (final) May 59.1 59.1 10 am 5-year inflation expectations (final) May — 3.0%

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