The consensus estimate for tomorrow's core pce inflation number is 2.6% year over year in March, and 0.1% month over month. In February the actual numbers were 2.8% year over year and 0.4% month over month.
The consensus estimate for tomorrow's real GDP estimate is 0.4% vs. 2.4% actual the previous quarter. Yes, you read that right, 0.4%. GDPNow's final read on 1Q2025 out this morning is . . . -2.7%.
Yikes.
The ADP employment change will also be reported. Consensus is for +108,000 vs. +155,000 actual the previous month.
Nonfarm payrolls comes out on Friday. Consensus is for +130,000 for April vs. +228,000 actual in March.
