Economic Data Scheduled For Thursday

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 368,000 for the July 10 week from 373,000 in the previous week.
The Philadelphia Fed manufacturing index for July is scheduled for release at 8:30 a.m. ET. The index is likely to drop to 28.5 in July from previous reading of 30.7.
The Empire State manufacturing index for July is scheduled for release at 8:30 a.m. ET. The Empire State index might increase to 18.3 in July from 17.4 in June.
Data on import and export prices for June will be released at 8:30 a.m. ET. Import prices are projected to increase a monthly 1.2% in June following May's higher-than-expected growth of 1.1%. Analysts expect export prices rising 1.3% following a 2.2% surge in May.
Data on industrial production for June will be released at 9:15 a.m. ET. Analysts expect industrial production rising 0.7% in June following 0.8% increase in May.
Federal Reserve Chair Jerome Powell will testify before the Senate Banking Committee at 9:30 a.m. ET.
The Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.
Chicago Fed President Charles Evans will speak at 11:00 a.m. ET.
The Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.