US second quarter economic growth data is due on 27 July at 1230GMT
- expected (median consensus) is 4.3% y/y
But some are ratcheting up much higher than that. Barclays, for example is at 5%,
- looking for a big number given the "late-cycle fiscal boost" from the government
Morgan Stanley, too, they are at 4.7%
- citing an "unusually large number of one-off factors … many of which are directly related to escalating trade concerns"
Citi is at 4.6%
Nomura 4.6%
- mostly driven by solid contributions from personal consumption, non-residential fixed investment, and government consumption
Of course, if the average is 4.3% there are those below there also …. K?