Thursday: Personal Income & Outlays, Unemployment Claims, ISM Mfg, Construction Spending, Vehicle Sales

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 235 thousand initial claims, down from 240 thousand last week.

• Also, at 8:30 AM, Personal Income and Outlays, October 2022. The consensus is for a 0.4% increase in personal income, and for a 0.8% increase in personal spending. And for the Core PCE price index to increase 0.3%.  PCE prices are expected to be up 6.2% YoY, and core PCE prices up 5.0% YoY.

• At 10:00 AM, ISM Manufacturing Index for November.  The consensus is for 50.0%, down from 50.2%.

• Also, at 10:00 AM, Construction Spending for October.  The consensus is for 0.3% decrease in spending.

• All day: Light vehicle sales for November. The consensus is for 14.9 million SAAR in November, unchanged from the BEA estimate of 14.9 million SAAR in October (Seasonally Adjusted Annual Rate).