Here Comes Another Absolutely Stacked Day For The US Economy

A very busy day ...

Thursday:
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to decrease to 320 thousand from 329 thousand.

• Also at 8:30 AM, Personal Income and Outlays for March. The consensus is for a 0.4% increase in personal income, and for a 0.6% increase in personal spending. And for the Core PCE price index to increase 0.2%.

• Also at 8:30 AM, Speech by Fed Chair Janet Yellen, Community Bank Supervision, At the Independent Community Bankers of America 2014 Washington Policy Summit, Washington, D.C.

• At 9:00 AM, the Markit US PMI Manufacturing Index for April.

• At 10:00 AM, the ISM Manufacturing Index for April. The consensus is for an increase to 54.2 from 53.7 in March. The ISM employment index was at 51.1% in March, and the new orders index was at 55.1%.

• At 10:00 AM, Construction Spending for March. The consensus is for a 0.6% increase in construction spending.

More from Calculated Risk:

• Thursday: ISM Mfg Survey, Unemployment Claims, Personal Income and Outlays, Construction Spending, and Yellen
• Fannie Mae and Freddie Mac: Mortgage Serious Delinquency rate declined in March
• FOMC Statement: More Taper, Economic Growth "picked up recently"
• Q1 GDP: Investment Contributions
• BEA: Real GDP increased at 0.1% Annualized Rate in Q1