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Trade Deficit, Jobless Claims, ADP Employment, FOMC Minutes

by xyonent
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by Calculated Risk July 2, 2024 7:53 PM

Note: Mortgage interest rates are Mortgage News Daily These are for top level scenarios.

• At 7 a.m. ET, the Mortgage Bankers Association (MBA) Mortgage Purchase Application Index.

• 8:15 a.m. ADP Employment Report June employment. This report covers private sector payrolls only, not government payrolls. June employment is projected to be 170,000, up from 152,000 in May.

• 8:30 a.m. Unemployment claims (weekly) The report is due to be released. The consensus is for new claims to be 228,000, down from 233,000 last week.

• Also, at 8:30 A.M. Trade balance report The Census Bureau’s consensus estimate for the May trade deficit was $72.2 billion. The U.S. trade deficit was $74.6 billion the previous month.

• 10 am, ISM Service Index The June forecast calls for a decline to 52.5 from 53.8.

• 2 pm, FOMC MinutesConference on June 11-12, 2024

US markets close at 1pm. independence day holiday.

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