The US GDP for the 3Q will be released at 8:30 AM. This is the third estimate for the release. The expectation is for the headline number to be revised to 4.3% from 3.9%. The Personal Consumption is expected to show a 2.5% increase vs 2.2% in the last cut. Core PCE is expected to remain unchanged at 1.4%.
As the time moves away from the 3Q (we are almost at the end of the 4Q, the importance of the release becomes less. So be aware.
Below are the trends for GDP and the contributors to that number.
US GDP trends
