Analysts and economists are forecasting Thursday's preliminary US 1Q 2022 GDP report to show the economy contracted by -1.3% annualized pace. The chain weighted price index in the 1Q prelim report is expected up +8.0%. The data will be updated at 7:30 am Thursday morning.

Analysts and economists are forecasting Thursday's preliminary US 1Q 2022 GDP report to show the economy contracted by -1.3% annualized pace.  The chain weighted price index in the 1Q prelim report is expected up +8.0%.  The data will be updated at 7:30 am Thursday morning.