US: Focus on Fed speak and Q3 GDP – TDS

Analysts at TD Securities point out that the Fed Chairman Powell will deliver a speech at 12:00 ET, to the Economic Club of New York, where his comments will be closely scrutinized for anything that could signal a pause in December.

Key Quotes

“On the data front, we will get the second reading on Q3 GDP at 8:30 ET which the market expects to be revised a touch higher to 3.6%.”

“Advance goods trade for October is expected to show a slightly wider deficit at $77bn while new home sales are expected to rebound by 5.2% to a 582k pace.”