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Wednesday, April 22, 2020

Thursday: Unemployment Claims, New Home Sales

by Calculated Risk on 4/22/2020 06:53:00 PM

CR Note: The number of weekly claims will be huge again, but probably lower than the previous weeks.   Also, the March New Home Sales report will likely show weakness due to COVID-19.

The Kansas City Fed manufacturing survey is for April, and will probably be very weak.

• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a 4.150 million initial claims, down from 5.245 million the previous week.

• At 10:00 AM, New Home Sales for March from the Census Bureau. The consensus is for 645 thousand SAAR, down from 765 thousand in February.

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