GDP and Jobless Claims

Q2 PRELIMINARY GDP PRICE INDEX: 1.2% V 1.1%E; CORE PCE Q/Q: 2.1% V 2.1%E

Q2 PRELIMINARY GDP ANNUALIZED: 3.3% V 2.7%E; PERSONAL CONSUMPTION: 1.7% V 1.6%E

INITIAL JOBLESS CLAIMS: 425K V 425KE; CONTINUING CLAIMS: 3.423M V 3.390ME
- Prior Initial Jobless Claims revised from 432K to  435K
- Prior Continuing Claims revised from 3.362M to  3.359M

Initial market reaction to the upside. 

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