The third reading of Q2 GDP is a highlight today. It’s rare for big revision in the third print but estimates range from 2.2% to 3.1% with a median at 2.6% so three are different opinions. The main factor is inventories as much of the Q2 strength will likely take away from Q3 (the Q2 consensus is 2.0% at the moment).
Initial jobless claims have been skewed by computer problems. Don’t be shocked if there is a big miss this week. The consensus is 325K.
At 10 am ET (1400 GMT), the BLS releases benchmark revisions to employment data.
