The second look at Q3 growth
The first look at GDP is a shot in the dark. For me, the second reading is a much more complete data point that's reasonably consistent with what was going on in the real world.
The consensus is for a +3.2% annualized reading, which is a bump from 3.0% in Q2 but if inventories are a big part of it, then it could mean a weaker Q4 print.
At the same time, Dudley will appear on a moderated panel at Rutgers University about current economic issues. There is no text to be released so nothing will hit at the bottom of the hour but headlines will cross over the next hour.
