us-economy | Top News

Final GDP figure on tap

|By:, SA News Editor

The U.S. Commerce Department's final estimate of Q1 GDP is expected to show the economy growing at a 1.2% annualized rate.

"If it shows any sign of upside surprise, that could be very positive for both equity and bond markets. However, any kind of downward revision would really cast a very, very downward spell," BK Asset Management's Boris Schlossberg told Trading Nation.

The previous reading, published last month, showed economic growth slowing less sharply than the initial figure.

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