US Q1 GDP due Thursday - US officials watering down expectations

A senior US administration official:

• data expected to show smaller growth in Q1 than Q4, slower inventory growth likely an issue after big jump in Q4
• US GDP data also expected to show very strong household balance sheets, household consumption, business investment
• US GDP data will show that 'economic conditions are still very, very strong'
• says Russia's war in Ukraine likely to have muted impact on Q1 GDP data, US exposure to Russian economy is 'fairly limited'
• says Friday's personal consumption expenditures price index data expected to reflect 'quite elevated' headline inflation, but core inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term likely to be flat-lined or lower
• US monitoring impact of Ukraine war on European economies very carefully-official

This snapshot from the ForexLive economic data calendar, access it here.

The times in the left-most column are GMT.

The numbers in the right-most column are the 'prior' (previous month) result.

The number in the column next to that, where is a number, is what is the consensus median expected.