GDP Rev 1 (month after initial)
Tomorrow has a morning and afternoon event that we will be watching. First is the initial revision to the 3rd Quarter Gross Domestic Product (GDP) reading. Last month's preliminary estimate of a 4.9% annual rate of growth is expected to be left unchanged. The GDP measures the total of all goods and services produced in the U.S., making it the most reliable measurement of economic growth. Good news for rates would be a downward revision, meaning the economy was not as strong as previously thought. However, this data is somewhat aged at this point covering the July, August and September months. That means it will take a large revision to cause a noticeable move in rates.