What to Watch: BOE Program Aftermath, Fed Speak, Wkly Claims, GDP

Off overnight lows, Tsy futures scaling back decent portion of Wed's BOE buy program-tied rally w/ PM Liz Truss continued defense of the mini-budget on BBC radio, strong regional German CPI overnight adding to moves.

• Stocks weaker/off lows as well, SPX eminis -22.50 at 3709.50, Gold weaker -10.40 at 1649.50, Crude adding to yesterday's rally w/ WTI +0.47 at 82.62, US$ index +.309 at 112.913.
• Fed speakers ahead:
  • Cleveland Fed Mester on CNBC at 0800ET
  • StL Fed Bullard eco-outlook virtual forum, no text, Q&A at 0930ET
  • Cleveland Fed Mester policy panel w/ ECB Lane, 1300ET
  • SF Daly, Boise State keynote speech, text and Q&A, 1645ET
• Economic data at 0830ET:
  • Initial Jobless Claims (213k, 215k)
  • Continuing Claims (1.379M, 1.388M)
  • GDP Annualized QoQ (-0.6%, -0.6%)
  • GDP Price Index (8.9%, 8.9%)
  • Personal Consumption (1.5%, 1.5%)
  • Core PCE QoQ (4.4%, 4.4%)
• Treasury Auctions: US Tsy $50B 4W, $45B 8W bill auctions at 1130ET
• Geopol: Russia Pres Putin speech Friday morning On Ukraine 'Referendums': Mary Ilyushina at WaPo: "Putin’s speech is expected tomorrow at 3 pm Moscow time [0800ET, 1300BST, 1400CET], first time he will be speaking after thousands fled mobilization and Moscow concluded “referendums” in eastern Ukraine..."