Fed policy update, Kellogg wins, jobs report

A look at some of the major trade events and economic indicators to come this week:

The Federal Reserve releases its latest economic policy and interest rate update on Wednesday.

At its meeting of policymakers in March, the central bank raised rates for the first time in more than three years. Wall Street investors expect the Fed to hike its rate by half a point in its next three meetings as the central bank battles the highest inflation in decades. When the Fed raises its rate, it often leads to higher borrowing costs for individuals and businesses.


Kellogg offers its latest quarterly snapshot on Thursday.

The maker of Rice Krispies cereal, Pringles potato chips and other packaged foods is expected to post lower profits and slightly higher revenue for the first quarter compared to the same period last year. Wall Street will be on tap for an update on Kellogg’s sales trends and how it is handling the impact of rising costs and supply chain disruptions.


The Labor Department releases its monthly tally of hiring by nonfarm employers on Friday.

Economists predict employers added 375,000 jobs in April. That would be down from the 431,000 jobs added in March, which helped lower the unemployment rate to 3.6% – the lowest since the pandemic broke out more than two years ago. Despite soaring inflation, persistent supply bottlenecks, damage from COVID-19 and the war in Ukraine, employers have created at least 400,000 jobs for 11 straight months.

Non-agricultural payroll, monthly change, seasonally adjusted:

647,000 November

Dec. 588,000

504,000 January

750,000 February

March 431,000

April (est.) 375,000

Source: FactSet

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