Wall Street: GDP revised higher before the open

In one minute

The BEA GDP release put annualized US real GDP growth in the second quarter at 2.2 percent, 0.7 percentage point above the second estimate. First-quarter growth was revised to 2.5 percent.

The August PCE report showed a 0.3 percent monthly price increase; the index excluding food and energy rose 0.2 percent. From a year earlier, the headline index was up 3.4 percent and the core index 3.0 percent.

Why it matters to Hungarian investors

Personal consumption increased 0.9 percent in current dollars and 0.6 percent in real terms. Together, growth and inflation data can influence interest-rate expectations, the US dollar and therefore the forint value of dollar assets. USD/HUF calculated from the ECB reference rates for September 29 was 322.66; this is a daily reference, not a live market quote.

Our market close review covers the previous trading day, while our JOLTS article explains the labour-market backdrop.

Limits and next date

We do not have current licensed index-futures or premarket equity data, so we do not quantify the opening direction or individual price moves. The BEA's next GDP and PCE releases are scheduled for October 29 at 8:30 a.m. Actual price reactions can be checked after regular trading begins.