US GDP growth to be revised to 2.7% - TDS

According to analysts at TDS, revisions to US Q4 GDP will be published alongside a number of lower-tier data releases and the market consensus is for GDP growth to be revised to 2.7% from the second estimate of 2.5%.

Key Quotes

“The advance goods trade deficit for February is expected to narrow modestly to $74.4bn from $75.3bn. The market looks for a 0.5% increase in wholesale inventories for February while pending home sales are seen rising 2.0% m/m. Lastly, Atlanta President Bostic is scheduled to speak again at 12:00 ET.”