Here comes GDP … (SPY, SPX, DJI, IXIC, USD, DXY, TLT, TLO)
|09/29/2016||Posted by BusinessMediaguide.Com under General World News||
The Commerce Department will release its third estimate of US gross domestic product (GDP) in the second quarter at 8:30 a.m. ET.
Economists forecast that the value of all the goods and services America produced last quarter increased by 1.3%, according to Bloomberg. If that holds true, it would be improved from the 1.1% pace that was reported in the second estimate, but still relatively dismal.
The forecasts for the other main indicators are unchanged from the second revision: personal consumption is expected at 4.4%, the most since Q4 2014, and core personal consumption expenditures — a measure of inflation that read more >>>