FAST FIVE: Key Events This Extremely Busy Week: Payrolls, JOLTs, PCE, ISM, GDP And Powell
The day before, we get the Chicago PMI (consensus forecast 47.0 vs 45.2 in October) and the advance goods trade balance (forecast -$90.4bn vs -$92.2bn in September).
Monday, November 28 10:30 AM Dallas Fed manufacturing index, November (consensus -22.0, last -19.4) 12:00 PM New York Fed President Williams (FOMC voter) speaks: New York Fed President John Williams will speak at a virtual event hosted by The Economic Club of New York.
10:00 AM Pending home sales, October (GS -6.5%, consensus -5.0%, last -10.2%): We estimate pending home sales declined 6.5% in October, following a 10.2% decline in September.
We expect that personal income increased by 0.6% and personal spending increased by 1.0% in October.
08:30 AM Initial jobless claims, week ended November 26 (GS 245k, consensus 231k, last 240k); Continuing jobless claims, week ended November 19 (consensus 1,570k, last 1,551k); We estimate initial jobless claims increased to 245k in the week ended November 26.