At 8:30 AM EDT, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 459,000 new jobless claims last week, which would would be 6,000 less than last week’s higher than expected number.
Also at 8:30 AM EDT, the final GDP report for the second quarter of 2010 will be announced. The consensus is an increase of 1.6% in real GDP and an increase of 1.9% in the GDP price index. The real GDP estimate is the same as the preliminary estimate for this quarter from last month, and the GDP price index estimate is rising due to increasing import prices.
Also at 8:30 AM EDT, the Corporate Profits report from the Bureau of Economic Analysis will be released.
At 9:45 AM EDT, the Chicago PMI Index for September will be announced. The consensus index value is 56, which is 0.7 points lower than last month, but is still well above the break-even level at 50.
At 10:00 AM EDT, Ben Bernanke will testify before the Senate Banking Committee on implementing Dodd-Frank reforms, along with Neal Wolin, Sheila Bair, Mary Schapiro and Gary Gensler.
At 10:30 AM EDT, the weekly Energy Information Administration Natural Gas Report will be released, giving an update on natural gas inventories in the United States.
At 2:30 PM EDT, Ben Bernanke will lead a town hall meeting with educators and take questions from all around the country.
At 4:30 PM EDT, the Federal Reserve will release its Money Supply report, showing the amount of liquidity available in the U.S. economy.
Also at 4:30 PM EDT, the Federal Reserve will release its Balance Sheet report, showing the amount of liquidity the Fed has injected into the economy by adding or removing reserves.
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