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GDP, PCE index data and more USD Market Movers of the week
U.S. final GDP and PCE index data.
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Following a rather volatile week for the U.S. dollar which saw the Federal Reserve hiking interest rates, the week ahead will see the release of the final revised GDP for the fourth quarter of 2017.
Economists forecast that U.S. economy grew at a pace of 2.5% on the quarter.
This marks an unchanged print from the second estimate.
The GDP price index is also expected to remain unchanged showing a 2.3% increase on the quarter.
The markets are unlikely to react much to the data which is most likely not expected to be revised from the second estimates.
Core PCE and GDP on Wednesday
Investors are likely to focus on the core PCE data that will be coming out later on Wednesday.
The core PCE is forecast to rise 1.9%, unchanged from the second revised estimates.
Overall, with the markets heading into the first quarter close, the GDP and core PCE data is unlikely to impress traders much.
Pending home sales data is also on the cards on Wednesday and is forecast to rise 1.5% following a 4.7% decline the month before.
On Thursday, the monthly core PCE data will be the main focus.
Economists forecast that core PCE data slowed, rising just 0.2% in February down from January’s print of 0.3%.
Personal spending is expected to remain flat at 0.2% while personal income is tipped to rise 0.4%, the same pace as the month before.