U.S. ECO PREVIEW: GDP, Initial Jobless Claims Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
- GDP 2% q/q; range 1.8% to 2.1% (74 estimates)
- Today’s report is the government’s final estimate of 4th quarter GDP; prior report showed an increase of 1.9 percent at an annual rate
- "The third print of quarterly GDP typically gets minimal attention from market participants. However, in 4Q this coincides with the release of economy-wide corporate profits, so analysts pondering whether hiring momentum will endure or whether private capital investment has the means to accelerate should note the profits trend": Bloomberg Intelligence
- PCE 3% q/q; range 3% to 3.2% (12 estimates)
- GDP Price Index 2% q/q; range 2% to 2% (24 estimates)
- Core PCE Prices 1.2% q/q; range 1.2% to 1.3% (7 estimates)
- Initial Claims 247k; range 240k to 261k (44 estimates)
- Prior week’s total of 261,000 was highest since December
- "Volatile weather-related conditions may disrupt week-to-week postings, but the low level of claims suggests demand is improving since employers are not furloughing staff": Bloomberg Intelligence
- Cont. Claims 2031k; range 1900k to 2045k (6 estimates)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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To modify this alert, click here
UUID: 7947283