- Durable goods orders placed with US factories rose in April, highlighting sustained demand for equipment and merchandise.
- Fed minutes released Wednesday indicated officials are prepared to move ahead with multiple 50 basis points policy rate increases.
- First-quarter GDP declined at a 1.5% annual pace, greater than the 1.3% Dow Jones estimate and the initially reported 1.4% rate.
- Signed contracts for new homes dropped far more than expected in April, down 16.6% for the month and 26.9% for the year.
- Pending home sales fell in April for a 6th straight month, as a steep climb in mortgage rates added to the challenge of low inventory.
- Last week's purchase mortgage apps were down 12% for the week and 15% year over year, despite slight rate improvements.
