2. GDP to slow?
The central bank's rate decision will come hours after the release of U.S. GDP data which is expected to show a further slowdown in the third quarter. Economists surveyed by Dow Jones are estimating gross domestic product increased at a 1.6% annualized pace in the July to September period, down from a 2% expansion in the second quarter.
Consumer spending, the biggest part of the economy, has been the driving force of the longest economic expansion in U.S. history. However, the recent weakness in retail sales,3. Big earnings: Apple, Facebook, Starbucks The earnings season will hit the halfway mark on Wednesday with a slew of quarterly results from high-profile companies including
Iu
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: