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HERE COMES GDP...

Myles UdlandSep 26, 2014, 17:42 IST

The third estimate for second quarter GDP from the BEA is set for release at 8:30 am ET.

Expectations are for the report to show GDP grew at a 4.6% annualized rate in the second quarter.

This would be up from the revised 4.2% pace reported in the second estimate on August 28.

In a note ahead of the report, Ian Shepherdson at Pantheon Macroeconomics said, "We look for growth to be revised up to 4.6% from 4.2% on the back of better retail sales and net foreign trade numbers."

We'll be back for the live numbers when they hit.