What to Look for This Week

More housing appreciation data will be reported on Tuesday via CoreLogic’s Home Price Index for March. Labor reports will also make headlines, starting Wednesday with ADP’s Employment Report, which will give us an update on April’s private payrolls. The latest Jobless Claims data will be reported on Thursday while Friday brings the Bureau of Labor Statistics Jobs Report for April, which includes Non-farm Payrolls and the Unemployment Rate. But perhaps the biggest news will stem from the Fed’s two-day meeting which begins Tuesday, with their Monetary Policy Statement and press conference coming on Wednesday. The Fed is expected to again hike its benchmark Fed Funds Rate, which they have been doing to curb inflation, and their actions and commentary could be market moving.