Thursday: GDP, Unemployment Claims, Durable Goods, Fed Chair Powell, Pending Home 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 226 thousand initial claims, up from 219 thousand last week.

• Also at 8:30 AM, Gross Domestic Product, 2nd Quarter 2024 (Third Estimate), and Corporate Profits (Revised) The consensus is that real GDP increased 3.0% annualized in Q2, unchanged from the second estimate of 3.0%.

• Also at 8:30 AM, Durable Goods Orders for August from the Census Bureau. The consensus is for a 2.8% decrease in durable goods orders.

• At 9:20 AM, Speech, Fed Chair Jerome Powell, Opening Remarks (via pre-recorded video), At the 2024 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York, N.Y.

• At 10:00 AM, Pending Home Sales Index for August. The consensus is 3.1% increase in the index.

• At 11:00 AM, the Kansas City Fed manufacturing survey for September.