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Crucial Wednesday: Inflation report and FOMC rate decision
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These economic reports are set to release Thursday

A raft of economic data set to release Thursday include weekly jobless claims, durable goods orders and pending home sales. Here are what economists anticipate ahead of the reports.

Jobless claims for the week ending June 22 is expected to have increased by 240,000, according to economists polled by Dow Jones. That's up slightly from 238,000 the prior week.

Durable goods orders, which measures new orders with U.S. manufacturers of long-lasting goods such as machinery or equipment, is anticipated to have fallen by 0.6% in May, a Dow Jones consensus estimate showed. In the previous month, it had risen by 0.6%.

Pending home sales, a gauge of housing contract activity, is expected by economists polled by Dow Jones to have risen 1% in May. That's up from a decline of 7.7% in April.
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