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 Consumer Price Index for April will be released at 8:30 a.m. ET. Consumer prices are projected to increase a modest 0.2% on the month in April compared to March's 1.2% growth.
• The Atlanta Fed's Business Inflation Expectations survey report for May is scheduled for release at 10:00 a.m. ET.
• The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
• Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 12:00 p.m. ET.
• The Treasury will auction 10-year notes at 1:00 p.m. ET.
• The U.S. Treasury budget statement for April will be released at 2:00 p.m. ET. Analysts expect a $200 billion surplus in April compared with a year-ago deficit of $225.6 billion.

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