Thursday: Fed Chair Powell, Unemployment Claims, GDP, Pending Home Sales

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

Thursday:
• At 2:30 AM ET, Discussion, Fed Chair Jerome Powell, Dialogue with Bank of Spain Governor Pablo Hernández de Cos, At the Banco de España Fourth Conference on Financial Stability, Madrid, Spain

• At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 266 thousand initial claims, up from 264 thousand last week.

• Also at 8:30 AM, Gross Domestic Product, 1st quarter 2023 (Third estimate). The consensus is that real GDP increased 1.4% annualized in Q1, up from the second estimate of a 1.3% increase.

• At 10:00 AM, Pending Home Sales Index for May. The consensus is for a 0.3% decrease in the index.