US GDP And Other Macro Issues For Wednesday

Federal Reserve Bank of Cleveland President Loretta Mester is set to speak at 6:30 a.m. ET.
The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET.
Gross Domestic Product report for the first quarter will be released at 8:30 a.m. ET. The third estimate for Q1 GDP, at minus 1.4%, is likely to show little change versus the second estimate of minus 1.5%. Analysts expect personal consumption expenditures to be unrevised at a 3.1% growth rate.
Data on corporate profits for the first quarter will be released at 8:30 a.m. ET.
Federal Reserve Chair Jerome Powell will speak at 9:00 a.m. ET.
The State Street Investor Confidence Index for June is scheduled for release at 10:00 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is scheduled for release at 10:30 a.m. ET.
The survey of business uncertainty report for June will be released at 11:00 a.m. ET.