Replies to post #19220 on Legacy Thread

[basserdan]

8:30a Initial Jobless Claims 196K actual vs 204K (revised) prior
4-week Moving Average 207K vs 214K prior
Consensus Outlook
Only a modest move higher is the call for initial jobless claims which have stepped lower the past three reports and back to their historic lows early in fourth-quarter last year. Initial claims for the April 6 week are expected to rise 9,000 to 211,000.


8:30a Producer Price Index:
PPI-FD - M/M change 0.6% vs 0.1% prior
PPI-FD - Y/Y change 2.2% vs 1.9% prior
PPI-FD less food & energy - M/M change 0.3% vs 0.1% prior
PPI-FD less food & energy - Y/Y change 2.4% vs 2.5% prior
PPI-FD less food, energy & trade services - M/M change 0.0% vs 0.1% prior
PPI-FD less food, energy & trade services - Y/Y change 2.0% vs 2.3% prior
Consensus Outlook
Producer prices have been flat but visible pressure is the headline expectation for March, at a consensus increase of 0.4 percent vs a marginal 0.1 percent rise in February. But less food & energy is seen rising only 0.2 percent with the consensus for less food, energy and trade services also at 0.2 percent. The overall year-on-year rate and less food & energy rate are expected at 1.9 and 2.5 percent.