The following is Bank of America Merrill Lynch UoM Consumer Sentiment and US Q2 GDP data expectations.
26 August, AtoZForex – Today can prove to be hectic for the USD with US Real Q2 GDP and UoM Consumer Sentiment index scheduled ahead of the Fed Janet Yellen’s speech at Jackson Hole.
US Real Q2 GDP data expectations
BoAML expects the downward revision not be on one GDP’s factor but rather spread through several components like investment, trade, and inventories. However, personal consumption might be revised higher.
UoM Consumer Sentiment expectations
Headlines from the presidential elections are likely to weigh on UoM Consumer Sentiment. However, labour market, lower gas and import prices, and strong stock market should offset these concerns.
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