US: Jobless claims and durable goods orders in focus - BBH

The US economic calendar picks up today, but the interest lies with tomorrow's first look at Q1 GDP and next week's employment data, according to analysts at BBH.

Key Quotes

“On tap, today are weekly jobless claims,  March durable goods orders, advanced goods trade balance, inventory data, and the KC Fed manufacturing survey.  The most important may be durable goods orders. Here is a sector that one expects to have been helped by lower taxes, but like consumption, the tax benefits are not apparent in Q1.  Durable goods orders, excluding transportation, may have experienced its weakest quarter since Q2 17.”