Here comes GDP …
|05/26/2017||Posted by BusinessMediaguide.Com under General World News||
The Commerce Department will release its second estimate of first-quarter US GDP at 8:30 a.m. ET.
Economists estimate that gross domestic product rose 0.9%, improved from the advance estimate of 0.7% that was based on incomplete data.
The first reading was the slowest pace in three years. Personal consumption, which was a big drag in the first quarter, is expected to print at 0.4% versus 0.3% prior, according to Bloomberg.
Economists are split on the extent to which the slowdown was caused by weak consumer spending, or by residual seasonality — a statistical quirk that has distorted the real pace read more >>>