HALISTER1: U.S. ECO PREVIEW: Jobless/Philadelphia Fed Due in 5 Minutes

U.S. ECO PREVIEW: Jobless/Philadelphia Fed Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Initial Claims 302k; range 250k to 350k (42 estimates)
  • Cont. Claims 1975k; range 1955k to 2000k (4 estimates)
    • “Jobless claims data have been, and will continue to be, distorted by Hurricanes Harvey and Irma for a few weeks”: Bloomberg Intelligence
    • In the week ended Sept. 8, claims totaled 284,000, above this year’s average of 246,000
  • Philly Fed 17.1; range 12 to 25 (49 estimates)
    • The regional factory index has weakened for three consecutive months
    • “The Trump administration’s failure to enact any pro-growth, tax, infrastructure or trade policies has deflated expectations for the manufacturing economy. As such, most measures of factory sentiment have trended down to pre- election levels”: Bloomberg Intelligence
    • Special question today asking firms to compare total production for the third quarter with that of the second quarter.
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@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

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