Here's a quick preview with some commentary from High Frequency Economics Jim O'Sullivan:Initial Jobless Claims (3/3)/8:30 EST
Consensus: 355K, following 344K. HFE: 350K. The trend appears to have dropped to a 350-to-360K range from 360-to- 370K at year-end. International Trade (1)/8:30 EST
Consensus: -$42.6B, following -$38.5B. HFE: -$41.0B. Last month’s $10.1B decline in the deficit was probably only partly reversed, led by higher oil prices. Productivity And Unit Labor Costs (Q4r)/8:30 EST
Consensus: Revised productivity -1.6%, up from -2.0%, unit labor costs 4.3%, down from 4.5%. HFE: -1.6%, 4.5%. Revisions are likely to be minimal, similar to the pattern in GDP. Fed Flow Of Funds (Q4)/12:00 EST
Net worth likely rose in Q4, led by housing wealth. The Q1 gain should be larger, led by equities.