US Q4 GDP second estimate +7.0% vs +7.0% expected

• First reading was +6.9%
• Final Q3 reading was +2.4%
• Personal consumption +3.1% vs +3.3% prelim
• GDP price index +6.3% vs +6.4% prelim
• Core PCE +5.0% vs +4.9% prelim
• Deflator +7.2% vs +7.0% prelim
• Full report

Details:

• Ex motor vehicles +6.4% vs +6.3% prelim
• Final sales +2.0% vs +1.9% prelim
• Inventories added 4.90 pp to GDP
• Business investment added 5.38 pp to GDP
• Business investment in equipment +2.4% vs +0.8% prior
• Net exports were a 0.07 pp drag on GDP
• Exports +23.6% vs +24.5% prelim
• Imports +17.6% vs +17.5% prelim
• Home investment +1.0% vs -0.8% prelim

The inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term numbers are continued to ratchet higher but overall the market has much more to worry about than what was happening 2-5 months ago in the US economy.