Benchmark
Here's What to Watch for in the U.S. GDP Report
How strong the second-quarter rebound was depends in part on how weak the first quarter turned out
The China Shipping Container Lines Co. Autumn container ship sails from the Port of Los Angeles.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The Federal Reserve's July meeting Wednesday won't steal the thunder from the U.S. economy's report card due on Thursday at 8:30 a.m.
The release from the Commerce Department promises to offer double the usual excitement: One, it'll show how strongly growth rebounded in the second quarter from the inclement weather and West Coast port labor disputes that depressed the economy early in the year. Two, due to revisions that happen once a year and some new adjustments, it'll reveal whether gross domestic product really contracted in the January to March period.