Growth has been poor, hovering just above 1% in recent quarters. Expectations are for a return to the new normal of around 2.5%. The USD has the necessary momentum to absorb also 2%, but any number under this level could push back a rate hike. Also, it could serve as ammunition for Trump, adding to market uncertainty. A 3% read will cement the rate hike.
Video preview for the first release of Q3 GDP, due for Friday, October 28th, at 12:30 GMT: