GDP & Durable good orders expected from the US Thursday, 25 January 2024 - ranges to watch ...Middle East

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GDP & Durable good orders expected from the US Thursday, 25 January 2024 - ranges to watch
It's a big session ahead for data from the US with Jobless claims, Q4 GDP , Durable goods and more. Data kicks off at 8.30am US Eastern time. For GDP y/y the consensus is for 2.0% growth with the range of expectations spanning 0.8 to 2.8%Durable good consensus is 1.1%, range -3.7 to 4.0%Durable goods ex transportation consensus is 0.2%, range -0.5 to 0.4%That PCE data listed below I think comes on Friday, not today. ***Why is knowledge of such ranges important?Data results that fall outside of market low and high expectations tend to move markets more significantly for several reasons:Surprise Factor: Markets often price in expectations based on forecasts and previous trends. When data signi

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