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The US Department of Commerce will be releasing the final revision to the third-quarter GDP numbers.
Economists polled, do not expect to see many changes. Expectations are therefore flat, pointing to an unchanged print in the GDP at 2.1%. In the second revised estimates, the US GDP was bumped up from 1.9% initially to 2.1%.
While the figures are well below the 3% threshold, investors saw a silver lining in the fact that growth was still evident.
Besides the GDP data, other indicators include the personal consumption expenditure, personal spending, and income data as well. Therefore, it is more likely that the large data set will have an impact in some way.
Across all measures, economists do not expect any major changes. The GDP price index is forecast to hold steady at 1.7% while the expenditure prices will remain at 1.5%.
The previous revisions to the GDP were released on November 27th. Since then, there haven’t been any more fresh releases between the periods of No...
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