GDP, jobless claims, and pending home sales data due Thursday

As traders approach another pivotal day for financial markets, Thursday, January 30, 2025, is set to deliver a series of crucial economic data releases that could sway market dynamics. The spotlight will be on the Gross Domestic Product (GDP) figures, Initial Jobless Claims, and Pending Home Sales, all of which have the potential to significantly impact investor sentiment and market direction.

Major Economic Events to Watch

• 8:30 AM ET - GDP (Q4): Expected 2.7%, Previous 3.1%. This comprehensive measure of economic activity is a key indicator of the nation’s economic health.

• 8:30 AM ET - Initial Jobless Claims: Forecast 224K, Previous 223K. This weekly report provides insight into the labor market’s current state.

• 10:00 AM ET - Pending Home Sales (MoM): Expected 0.0%, Previous 2.2%. This data reflects the housing market’s health and consumer confidence.

Other Important Economic Events to Watch

• 8:30 AM ET - Core PCE Prices (Q4): Forecast 2.50%, Previous 2.20%. This inflation indicator is closely watched by the Federal Reserve.

• 8:30 AM ET - GDP Price Index (Q4): Expected 2.5%, Previous 1.9%. This measures price changes in the overall economy.

• 8:30 AM ET - Continuing Jobless Claims: Forecast 1,890K, Previous 1,899K. This provides a broader view of unemployment trends.

• 4:30 PM ET - Reserve Balances with Federal Reserve Banks: Previous 3.331T. This shows the amount of money depository institutions hold at the Fed.

• 4:30 PM ET - Fed’s Balance Sheet: Previous 6,832B. This weekly report details the Federal Reserve’s assets and liabilities.

Other Economic Events to Watch

• 8:30 AM ET - Real Consumer Spending (Q4): Previous 3.7%. This inflation-adjusted measure reflects household spending patterns.

• 8:30 AM ET - PCE Prices (Q4): Previous 1.5%. This broader inflation measure includes all consumer expenditures.

• 8:30 AM ET - GDP Sales (Q4): Previous 3.3%. This component of GDP excludes inventory changes.

• 8:30 AM ET - Jobless Claims 4-Week Avg.: Previous 213.50K. This smooths out weekly volatility in jobless claims data.

• 10:00 AM ET - Pending Home Sales Index: Previous 79.0. This index provides additional context to the housing market data.

• 10:30 AM ET - Natural Gas Storage: Forecast -317B, Previous -223B. This report impacts energy sector stocks and related currencies.

• 11:30 AM ET - 4-Week Bill Auction: Previous 4.265%. This reflects short-term government borrowing costs.

• 11:30 AM ET - 8-Week Bill Auction: Previous 4.250%. Another indicator of short-term government financing rates.

For further information and the latest updates, please refer to our Economic Calendar, here.

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