US: GDP likely to remain unchanged – TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, suggests that the week will finish on a slow note, with the third and final reading of Q2 GDP expected to remain unchanged at very solid 3.7%.

Key Quotes

“The final revision of September Michigan consumer confidence is likely to be revised modestly higher to 88.2 from 85.7 (market at 86.5) as the preliminary survey likely overestimated the deterioration in sentiment. On the speaker circuit, Fed’s Bullard (hawk, votes in 2016) and George (hawk, non-voter) will make remarks on the economy and monetary policy.”