According to a report from Bloomberg the 3rd quarter GDP is supposed to be 3.4%.
The U.S. economy is poised for its best back-to-back quarters of growth since 2014, handing President Donald Trump a $20 trillion talking point just in time for the midterm congressional elections.
The report due Friday, the last data before the Nov. 6 vote, will show gross domestic product expanded at a 3.4 percent annualized pace in the July-September period after a 4.2 percent gain in the prior quarter, according to the median estimate of economists surveyed by Bloomberg. Consumer spending and business investment probably drove growth, and inventory accumulation also contributed.
The report also goes on to outline what this means for the midterms. If the GDP is in-fact 3.4% that would be more good news for the economy heading into the midterms.
