U.S. ECO PREVIEW: Import Prices, Jobless Claims Due in 5 Minutes
(Bloomberg) -- Following are
forecasts for today’s U.S. economic releases as compiled by Bloomberg News.
- Philly Fed 24.8; range 14 to 35.4 (46 estimates)
- Empire 5; range -3 to 10 (42 estimates)
- Import prices -0.1% m/m; range -0.6% to 0.5% (34 estimates)
- Import Prices 2.9% y/y; range 2.5% to 3.4% (13 estimates)
- Export Prices 0.15% m/m; range 0% to 0.2% (8 estimates)
- The import price index has been on the rise since December
- Excluding petroleum, import prices have "modestly" accelerated since the end of last year: Bloomberg Intelligence
- Initial Claims 241k; range 234k to 255k (42 estimates)
- Cont. Claims 1920k; range 1910k to 1985k (7 estimates)
- "Jobless claims are likely to provide one of the earliest indications of any material deterioration of labor conditions, and they are showing scant evidence of this at present": Bloomberg Intelligence
- In the prior report, claims declined to 245,000
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HALISTER1Source: BFW (Bloomberg First Word)
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