US: Philadelphia Fed Index and third print of Q3 GDP to be the highlight - TDS

Analysts at TDS suggest that in the US session, the Philadelphia Fed Index and the third print of Q3 GDP are the highlights of a quiet event calendar.

Key Quotes

“The market consensus is for GDP growth of 3.3% q/q (ann.), unrevised from the second estimate, while the Philadelphia Fed Index is expected to edge slightly lower to 21.3 from 22.7. The market looks for initial jobless claims to increase to 233k from 225k the prior week while FHFA home prices are seen rising 0.4% m/m.”