Kiplinger's Economic Calendar for This Week (April 22-26)

Below is a weekly economic calendar of the most important upcoming economic reports scheduled to be released over the next several days. At times, we provide expanded previews and recaps for select reports.  

Please check back often. This economic calendar is updated regularly. Bolded reports are those considered more noteworthy and all reporting times are in Eastern Standard Time.

Economic calendar highlights

Monday (4/22)

There are no noteworthy economic reports scheduled for Monday, April 22.

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Tuesday (4/23)

Wednesday (4/24)

Thursday (4/25)

First look at Q1 GDP is due on Thursday

Wall Street will get its first look at Q1 gross domestic product (GDP) ahead of Thursday's open. After the U.S. economy grew at a strong 3.4% pace in Q4, "quarterly growth is likely to slow to an average of 2.0% this year, which is roughly in line with the economy's potential growth rate," writes Kiplinger economist David Payne in his GDP outlook. 

For Q1, BofA Securities economist Michael Gapen expects the initial reading to show the U.S. economy grew at a 2.5% annualized rate in the first quarter. 

"Incoming data continue to point to ongoing economic resilience in an environment of higher rates," Gapen writes in a note. "The consumer continues to remain strong. The economy has cooled modestly since the outsized 4.9% growth rate seen in Q3, but what cooling there is has been gradual." 

Friday (4/26)

Friday's PCE release will give the latest look at inflation

The main event on the economic calendar is Friday's release of the Personal Consumption and Expenditures (PCE) Price Index. The data, which tracks consumer spending, follows recent reports that show inflation remains higher than the Fed would like. This, in turn, has had many Fed officials – including Fed Chair Jerome Powell – questioning whether rate cuts are warranted this year.

In February, the annual rise in headline PCE was higher than the month prior, though core PCE, which excludes volatile food and energy prices, increased at a slightly slower pace. BofA's Gapen expects headline and core PCE to each be up 0.3% month-over-month in March, matching what was seen in February.

Reporting schedules are provided Forex Factory and MarketWatch.

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