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What to Expect as US GDP and the Fed’s Favorite Inflation Gauge Drop Today

What to Expect as US GDP and the Fed’s Favorite Inflation Gauge Drop Today

The United States (US) Bureau of Economic Analysis (BEA) is set to publish its preliminary estimate of second-quarter Gross Domestic Product (GDP) on Thursday, with analysts expecting the data to show annualised growth at a solid 2.1%.

Markets Brace for US Growth and PCE Data Amid Geopolitical Woes Investors are anxious ahead of Thursday’s release of the US preliminary GDP figures for the April-June period, which is generally considered the most market-moving estimate of the three issued each quarter.

Beyond headline growth, the domestic calendar also includes the publication of the inflation tracked by the Personal Consumption Expenditures (PCE), the Federal Reserve’s (Fed) preferred inflation gauge.

The upcoming GDP release keeps its importance intact as market participants will look for signs of any effects of the ongoing crisis in the Middle East.

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