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Here comes GDP ...

Dec 22, 2015, 18:27 IST

A man dressed as an astronaut holds a floral American flag in the 125th Rose Parade in Pasadena, California January 1, 2014. The 2014 Rose Parade, themed &quotDreams Come True", features florally decorated floats, marching bands, and equestrian units on a five and a half mile parade route through Pasadena. REUTERS/Jonathan Alcorn

The third estimate on US GDP growth in the third quarter is set for release at 8:30 a.m. ET.

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Expectations are for the reading to show the economy grew a 1.9% pace in the third quarter, down slightly from the revised pace of 2.1% reported in the second estimate last month.

This report will also give us another reading on personal consumption - a more comprehensive way to trade consumer spending than retail sales - which is expected to have grown at a 2.9% pace during the quarter.

It's a quiet day in markets and the GDP report is the biggest piece of market data we'll get as we close in on Christmas.

We'll be back with the live numbers when they drop.

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