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“The increase in the fourth quarter primarily reflected increases in consumer spending, state and local government spending, exports, nonresidential fixed investment, federal government spending, and residential fixed investment that were partly offset by a decrease in private inventory investment,” the report said. “Imports, which are a subtraction in the calculation of GDP, increased.”
Not only did growth and spending rise beyond economists’ forecasts, but the report noted an unexpected decrease in inflation. The report said that the core Personal Consumption Expenditures Price Index rose 2.0% in the fourth quarter, down from the previous estimate of 2.1% - In today’s jam-packed Game Plan, Gareth Soloway will offer viewers a market update and review key charts and data sets across the markets. - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher. - Thursday, March 28--March bitcoin futures prices are higher in early U.S. trading Thursday as the bulls this week have regained their footing by stabilizing the market.
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