HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Philly Fed Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims, Philly Fed Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Initial Claims 245k; range 235k to 270k (43 estimates)
  • Cont. Claims 1949k; range 1940k to 2050k (8 estimates)
    • "There has been a modest upcreep in claims over the past few weeks, but this is typical as the auto sector retools for the new model year, so the backup should be largely disregarded -- unless it persists well into August”: Bloomberg Intelligence
  • Philly Fed 23; range 15 to 34.2 (42 estimates)
    • The Philadelphia Fed index has moved lower since reaching 43.3 in February, the highest reading since 1984
    • "The longer-term risk for the Philadelphia Fed index may be toward lower readings unless some pro-growth policy announcement is made”: Bloomberg Intelligence
To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Topics
First Word Credit US

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283