Anonymous ID: 38e572 Feb. 28, 2019, 7:28 a.m. No.5433636   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>3776 >>4070

US Economy Grew The Most Since 2005 Last Year After Unexpectedly Strong Q4 GDP Print

 

Following a one month delay due to the government shutdown in January, moments ago the BEA reported GDP for the fourth quarter combining both its first and second estimates, and while consensus was expecting a sharp slowdown in the last quarter of the year, from 3.4% in Q3 to 2.2%, the US economy surprised to the upside in Q4, when it grew a stronger than expected 2.6% (2.590% to be precise). As the BEA explained, "this initial report for the fourth quarter and annual GDP for 2018 replaces the release of the 'advance' estimate originally scheduled for January 30th and the โ€˜secondโ€™ estimate originally scheduled for February 28th."

 

On a year over year basis, 2018 GDP rose 3.1%, the highest print since 2005, and another chance for Trump to claim an economic win, although as Joseph Lavorgna notes, "at present, weโ€™re still looking for sub-2% growth in the current quarter" and adds that these data also have no bearing on #Fed policy which is comfortably on perma-hold.

rest at link

 

https://www.zerohedge.com/news/2019-02-28/us-economy-grew-most-2015-after-unexpectedly-strong-q4-gdp-print