The final GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2016 is 0.6 percent on April 27, up from 0.4 percent on April 26.
GDP growth prospects remain moderate for the first half of the year: the nowcasts stand at 0.8% for 2016:Q1 and 1.2% for 2016:Q2.
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 260 thousand initial claims, up from 247 thousand the previous week.
• Also at 8:30 AM, Gross Domestic Product, 1st quarter 2016 (Advance estimate). The consensus is that real GDP increased 0.7% annualized in Q1.
• At 11:00 AM, Kansas City Fed Survey of Manufacturing Activity for April. This is the last of the regional Fed manufacturing surveys for April.