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 significance of the final sales to domestic purchasers in the context of GDP?

What does the text suggest about the underlying growth despite fluctuations?