Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
The ADP national employment report for April will be released at 8:15 a.m. ET. Analysts expect private payrolls increasing 398,000 in April following a 455,000 increase in the previous month.
International trade report for March is scheduled for release at 8:30 a.m. ET. Analysts expect a deficit of $106.5 billion for total goods and services trade in March, versus an $89.2 billion gap in the previous month.
The services PMI for April will be released at 9:45 a.m. ET. The final services PMI is projected to hold at the 54.7 flash level for April.
The ISM services PMI for April is scheduled for release at 10:00 a.m. ET. The ISM services PMI is likely to rise slightly to 58.9 in April from 58.3 in March.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
The Federal Reserve will announce its policy decision at 2:00 p.m. ET. After increasing its policy target by a quarter point in March, analysts are expecting a half point hike during the meeting.
Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.