US: Focus on Q4 GDP – TDS

Analysts at TD Securities point out that the final release of US Q4 GDP growth is expected to show a downward revision to 2.3% from 2.6% q/q saar in the original release, bringing down the Q4/Q4 annual rate a tenth to 3.0%.

Key Quotes

“On the contrary, core PCE inflation is anticipated to remain unchanged at 1.7% q/q. The release of pending home sales data for February and the March Kansas City Fed manufacturing survey will also garner some attention on Thursday.”