US: Focus on second estimate of Q2 GDP this week – NBF

In the U.S, the second estimate of Q2 GDP will be available on Wednesday and will be a key economic release for the week, according to analysts at National Bank Financial.

Key Quotes

“We’ll also get clues about the third quarter thanks to July data on personal income and personal spending which likely both grew in synch with a healthy labour market. July’s PCE deflator will also be watched closely. The year-on-year core PCE deflator could indeed hit the Fed’s 2% target for the first time since 2012.”