The advance reading for US economic growth April to June 2021 is due at 1230 GMT
- expected 8.6% q/q, prior 6.4%
If you are wondering why the Federal Reserve is still providing emergency levels of monetary stimulus on this sort of growth you are not alone.
The argument goes that this will be the peak in growth momentum and as virus cases mount and the vaccination drive falters growth will slow. Oh, and that there is still slack in the labour market and inflation pressures are transitory. K, tks.
There is plenty of other data on the docket from the US also, calendar is here but if you are happy with a pic:
