Wednesday, October 28, 2015

Thursday: GDP, Unemployment Claims, Pending Home Sales

by Bill McBride on 10/28/2015 06:39:00 PM

From the WSJ: House Passes Two-Year Budget Deal

The House on Wednesday passed a two-year budget deal that would extend the government’s borrowing limit less than a week before the Treasury risks being unable to pay its bills.

The legislation passed the House by a vote of 266-167 and now heads to the Senate, which is expected to pass it later this week or weekend ...
Thursday:
• At 8:30 AM ET, Gross Domestic Product, 3rd quarter 2015 (Advance estimate). The consensus is that real GDP increased 1.7% annualized in Q3.

• Also at 8:30 AM, the initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 259 thousand the previous week.

• At 10:00 AM, Pending Home Sales Index for September. The consensus is for a 1.0% increase in the index.