HALISTER1: U.S. ECO PREVIEW: Jobless Claims, Import Prices Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims, Import Prices Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Import prices 0.1% m/m; range -1.2% to 1.7% (34 estimates)
  • Import prices 0.1% m/m; range -0.1% to 0.1% (4 estimates)
  • Import Prices 4.4% y/y; range 0% to 4.6% (8 estimates)
    • "Dollar strength has kept import-price inflation in check, and with the Fed looking to raise rates yet again, the currency’s increased purchasing power should further cap the cost of imports": Bloomberg Intelligence
  • Initial Claims 238k; range 230k to 255k (44 estimates)
  • Cont. Claims 2062k; range 2055k to 2065k (6 estimates)
    • Prior week’s tally of 223k claims was lowest since March 1973
    • "The claims data are encouraging, not just with respect to firing, but also because of improved hiring prospects. The scarcity of labor means that companies must provide better compensation for existing staff and, having exhausted internal labor reserves, hire more workers": Bloomberg Intelligence.

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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