Economic Data Scheduled For Thursday

Data on Gross Domestic Product for the first quarter will be released at 8:30 a.m. ET. Analysts expect Q1 GDP to accelerate to 6.5% annual growth from a growth rate of 4.3% in the fourth quarter.
Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET. Jobless claims are likely to increase to 558,000 for the April 24 week from 547,000 in the prior week.
The pending home sales index for March is scheduled for release at 10:00 a.m. ET. Analysts expect pending home sales increasing 3.8% in March following a 10.6% decline in the previous month.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage will be released at 10:30 a.m. ET.
Federal Reserve Governor Randal Quarles is set to speak at 11:00 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.
Federal Reserve Bank of New York President John Williams will speak at 2:00 p.m. ET.