Economic Data Scheduled For Thursday

Gross Domestic Product report for the fourth quarter is scheduled for release at 8:30 a.m. ET. GDP is projected to slow to 4.1% annual growth in the fourth quarter from 33.4% expansion in the prior quarter.
An advance report on U.S. international trade in goods will be released at 8:30 a.m. ET. The US goods deficit is likely to shrink to $83.8 billion in December from $85.5 billion in November.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are expected to decline to 875,000 for the January 23 week from 900,000 in the prior week.
Wholesale inventories report for December is scheduled for release at 8:30 a.m. ET. Analysts expect wholesale inventories rising 0.2% in December.
Data on new home sales for December will be released at 10:00 a.m. ET. After November's annual rate of 841,000, new home sales are likely to increase to an 871,000 rate in December.
The index of leading economic indicators for December is scheduled for release at 10:00 a.m. ET. The index is expected to increase 0.3% in December.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
The Kansas City Fed manufacturing index for January will be released at 11:00 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
The Treasury will auction 7-year notes at 1:00 p.m. ET.
Data on money supply for the recent week will be released at 4:30 p.m. ET.