UoM Consumer Sentiment & US Q2 GDP data expectations


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

UoM Consumer Sentiment & US Q2 GDP data expectations - Copy

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

UoM Consumer Sentiment & US Q2 GDP data expectations - Copy

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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