U.S. GDP Grew at 2.1% in Fourth Quarter as Consumption Moderates

The video discusses the latest economic data, highlighting a stronger-than-expected GDP growth of 2.1% but weaker personal consumption at 1.8%. Core PCE and jobless claims are also analyzed. Ira Jersey provides insights on economic risks, emphasizing the importance of consumer spending and potential distortions in GDP figures due to trade wars. The treasury market's response and the significance of upcoming economic indicators, such as the jobs report, are also covered.

How did the market react to the GDP report, and what does this suggest about economic sentiment?

What factors could potentially distort the GDP numbers according to the discussion?