Fed speaks next week (E22)

The upcoming release of the latest jobless claims data, alongside the Federal Reserve’s impending decision on interest rates scheduled for May 1st, are crucial events in the current economic landscape. Additionally, there is anticipation surrounding the stock market’s potential rebound from the 495-497 support level to reach 527, as well as the remarkable surge of Tesla following its earnings report. Amidst these developments, there is growing uncertainty regarding market corrections and the possibility of a broader decline. Furthermore, attention is drawn to the cryptocurrency market’s inability to break new highs. In the real estate realm, the recent pre-approved settlement presents challenges for buyers, who are now accountable for the buyer agent’s commission, influencing the ease of home acquisition. Despite the market’s persistent vigor, notable signs of downturn, such as multiple price reductions and a static monthly inventory supply of 2.3, are evident.