INDICATOR: March Trade Deficit
KEY DATA: Deficit: $40.4 billion ($1.5 billion narrower); Exports: up 2.1%; Imports: up 1.1%
IN A NUTSHELL: "Growing exports are another sign that the economy is really starting to accelerate."
INDICATOR: April Employment Report
KEY DATA: Payrolls: +288,000; Private: +273,000; Unemployment Rate: 6.3% (down 0.4 percentage point)
IN A NUTSHELL: "It is clear that firms are hiring again but we still need wages to rise faster if the economy is to really accelerate."
April 30 '14 FOMC Meeting
In a Nutshell: "... growth in economic activity slowed during the winter months, in part reflecting adverse weather conditions. Labor market indicators were mixed but on balance showed further improvement."
Rate Decision: Fed funds rate maintained at a range between 0% and 0.25%
INDICATOR: First Quarter 2014 GDP and April ADP Job Estimates
KEY DATA: GDP: +0.1%; Consumption: 3.0%; Housing: -5.7%/ADP: up 220,000;
IN A NUTSHELL: "Growth came to a grinding halt early this year but with consumers spending and payrolls expanding, the future looks a lot brighter."
INDICATOR: April Consumer Confidence and Small Business Jobs
KEY DATA: Confidence: -1.6 points; Expectations: +0.1 point; Current Conditions: -4.2 points/Small Business Jobs Index: +0.1%
IN A NUTSHELL: "Consumer optimism about the future coupled with an improving jobs picture point to an improving economy."
INDICATOR: March Housing Sales
KEY DATA: New Home Sales: -14.5%; Year-over-Year: -13.3%/Existing Home Sales: -0.2%; Year-over-Year: -7.5%
IN A NUTSHELL: “Yikes, the housing market is starting to falter again.”
INDICATOR: March Housing Starts and Industrial Production
KEY DATA: Starts: +2.8%; Permits: -2.4%/IP: +0.7%; Manufacturing: +0.5%
IN A NUTSHELL: “Housing may be coming back only slowly but the continuing rebound in manufacturing activity points to an economy that is picking up steam after the winter hibernation.”
INDICATOR: March Retail Sales
KEY DATA: Sales: +1.1%; Excluding Vehicles: +0.7%
IN A NUTSHELL: "The winter slumber is over and with confidence rising, the consumer could lead the way, if only wage gains improve."