Up and Adam

The report highlights expectations for a firming labor market and record Mother's Day retail spending, while the Fed signals an extended hold on interest rates. Despite high mortgage rates, the housing market shows early signs of recovery.

Key Takeaways

• 1.The April jobs report is expected to show labor market firming with gains around 70k, slightly above consensus.
• 2.Federal Reserve officials are shifting toward a more neutral stance, with markets pricing in a rate hold potentially into summer 2027.
• 3.Mother's Day spending is projected to hit a record $38 billion in 2026, an 11.4% year-over-year increase.

Table of Contents

• Previous Close
• Futures
• Today's Events
• BLS Employment Report At 8:30 AM ET: We Expect More Signs Of Labor Market Firming
• Fed Comments Shift Further To The Center As Markets Price In An Extended Hold
• Happy Mother's Day! Retailers May Have Cause For Celebration As Well
• Trade Court Once Again Rules Against The White House On Tariffs—But It Won't Be The Last Word
• Signs Of Housing Market Stabilization Emerging, But Recovery Remains Fragile
• Disclosures

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