US GDP Leads What to Watch For Today

<p>Markets are bracing for what could be record poor US GDP numbers. Consensus is contraction in the range of 30%, however the NY Fed model shows positive growth on a QoQ basis. Here are the number releases you should watch for in the coming hour.</p>

<ul><li>8:30 a.m. EST: <strong>GDP Annualized QoQ</strong>,<strong> </strong>second quarter advanced print (-34.5% expected, -5.0% prior)</li><li>8:30 a.m. EST: <strong>Personal consumption</strong>,<strong> </strong>second quarter advanced print (-34.5% expected, -6.8% prior)</li><li>8:30 a.m. EST: <strong>Core PCE QoQ, </strong>second quarter advanced (-0.9% expected, 1.7% prior)</li><li>8:30 a.m. EST: <strong>Initial jobless claims, </strong>week ended July 25 (1.445 million expected, 1.416 million prior week)</li><li>8:30 a.m. EST: <strong>Continuing unemployment claims,</strong> week ended July 18 (16.2 million expected, 16.197 million prior week).</li></ul>
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