U.S. GDP Grows 2.6% in 4Q, Slower Than Expected

The transcript discusses the economic growth rate, highlighting a 3% growth with a focus on personal consumption and sales to domestic purchasers. Despite a GDP number below 3%, the underlying growth is strong, driven by personal consumption and durable goods. Trade and inventory have negatively impacted GDP, but business investment and residential spending show positive trends. Market reactions are mixed, with minor changes in S&P futures and the dollar index. Experts Peter Coy and IRA Jersey provide insights, emphasizing the importance of final sales to domestic purchasers as a key indicator of economic strength.

What was the growth rate of personal consumption mentioned in the video?

• 2.6%

• 3.8%

• 4.0%

• 1.8%

How much did trade and inventories drag down the GDP number?

• 0.8%

• 1.8%

• 2.9%

• 3.8%

What was the projected growth rate for durable goods?

• 0.8%

• 2.9%

• 3.8%

• 1.8%

Which market index was mentioned as being off the highs of the session?

• Dow Jones

• NASDAQ

• S&P futures

• FTSE 100

What was the expert opinion on the underlying growth of the economy?

• It is unpredictable and unstable.

• It is weak due to volatile components.

• It is strong despite fluctuations.

• It is declining steadily.