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Wednesday, February 28, 2024

Thursday: Personal Income & Outlays, Unemployment Claims, Pending Home Sales, Chicago PMI

by Calculated Risk on 2/28/2024 06:51:00 PM

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

• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 195 thousand initial claims, down from 201 thousand last week.

• Also at 8:30 AM, Personal Income and Outlays for January. The consensus is for a 0.5% increase in personal income, and for a 0.2% increase in personal spending. And for the Core PCE price index to increase 0.4%.  PCE prices are expected to be up 2.4% YoY, and core PCE prices up 2.8% YoY.

• At 9:45 AM, Chicago Purchasing Managers Index for February.

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

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