Housing Mortgages Information

Friday’s Events: Core PCE, Chicago PMI

Canadian Q1 and March GDP and core PCE in the U.S. will dominate the economic news of the day as markets prepare for the final trading day of May. In addition to comments from the Fed and Canadian finance ministers, markets will also be paying attention to European Central Bankers on Friday.

At 8:30 a.m. EDT, the U.S. Commerce Department will release its personal income and spending report for April. Economists are expecting personal spending to rise 0.2% month-over-month after picking up 0.4% in the previous month.

At 9:45 a.m. EDT, markets will receive the Chicago Purchasing Managers' Index for May, which is expected to...