Economic agenda: Tuesday, April 5, 2011

At 10 a.m. — The Institute for Supply Management releases its index of activity at the nation’s service businesses.  Forecasters expect the data to show that the non-manufacturing sector continued growing at a solid pace in March, though slightly slower than in February. The index is forecast to have fallen to 59.5 points from 59.7.

At 10 a.m. — The House Financial Services Committee is scheduled to vote on Fannie Mae and Freddie Mac reform bills.

At 2 p.m. — The Federal Reserve is scheduled to release minutes from the March 15 policy meeting, where it affirmed its policy of ultra-low interest rates and purchases of Treasury bonds through June. The minutes should shed light on how Fed leaders are viewing the various risks to the economy. The meeting came just after the earthquake and tsunami in Japan and amid turmoil in Libya. It should also give further hints of how Fed officials are analyzing the run-up in fuel prices over recent months.

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