Wednesday, June 15, 2016

Thursday: CPI, Unemployment Claims, Homebuilder Survey, Philly Fed Mfg Survey

by Bill McBride on 6/15/2016 08:48:00 PM

Thursday:
• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 270 thousand initial claims, up from 264 thousand the previous week.

• Also at 8:30 AM, The Consumer Price Index for May from the BLS. The consensus is for a 0.3% increase in CPI, and a 0.2% increase in core CPI.

• Also at 8:30 AM, the Philly Fed manufacturing survey for June. The consensus is for a reading of 2.0, up from -1.8.

• At 10:00 AM, The June NAHB homebuilder survey. The consensus is for a reading of  59, up from 58 in May.  Any number above 50 indicates that more builders view sales conditions as good than poor.