Gross domestic product numbers surprised everyone today, posting a much larger-than-expected increase and confirming the notion that the economy has finally turned the corner,
Quotes about larger-than-expected (4 Quotes)
Some investors are staying at the sidelines as uncertainties linger over whether the Fed would surprise the market by a larger-than-expected cut in interest rates.
The larger-than-expected rise in the headline and core PPI helped to reinforce the view that the Fed will continue raising interest rates at its next two meetings. Nonetheless, the core inflationary data remains particularly benign.
Any upside in the greenback today may be mitigated by tomorrow's (Friday's) trade balance figures, which are the key release of the week. If they show a larger-than-expected deficit for June, dollar selling will dominate the theme in the currency markets.