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Thursday: Unemployment Claims, Philly Fed Mfg, Existing Home Sales, Fed Chair Powell

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

Thursday:
• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 210 thousand initial claims, up from 209 thousand last week.

• Aslo at 8:30 AM, the Philly Fed manufacturing survey for October. The consensus is for a reading of -6.8, up from -13.5.

• At 10:00 AM, Existing Home Sales for September from the National Association of Realtors (NAR). The consensus is for 3.94 million SAAR, down from 4.04 million in August.

• At 12:00 PM, Discussion, Fed Chair Jerome Powell, Economic Outlook, At the Economic Club of New York (ECNY) Luncheon, New York, New York

Fed’s Beige Book: “Little to no change in economic activity”

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