The Final gross domestic product (GDP) will be released on Friday, September 25. This is the third and final GDP release the is published 85 days after the end of the quarter. The U.S. economy had a terrible first quarter so all eyes were on spotting signs of a recovery as the advanced and preliminary GDPs were announced.
The GDP in the second quarter has exceeded expectations and is on track to record 3.7 percent growth. The Commerce Department revised the advanced GDP number from 3.2 percent but the final number should be closer to the advanced report. Improving GDP was one of the factors the market was counting on to persuade the Federal Reserve to deliver its much-awaited interest rate hike. The final GDP figures, will probably have a subdued impact on the USD as even exceeding expectations would do little to boost the currency.
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