GDP deflator 1.5% vs +2.3% expected (+3.3% prior), ore PCE +2.0% vs +2.0% expected (+2.0% prior)

N

Nighthawk

US Q4 advance GDP +3.3% vs +2.0% expected

Details:

  • Consumer spending 2.8% vs +3.1% prior
  • Consumer spending on durables +4.6% vs +6.7% prior
  • GDP final sales +3.2% vs +3.6% prior
  • GDP deflator 1.5% vs +2.3% expected (+3.3% prior)
  • Core PCE +2.0% vs +2.0% expected (+2.0% prior)
  • Business investment +2.1% vs +10.0% prior
Percentage point changes:



  • Net trade pp vs +0.03 pp prior
  • Inventories pp vs +1.27 pp prior
  • Govt pp vs +0.94 pp prior
The final Atlanta Fed tracker was +2.4%.
 
Today's Word Salad:

Chicago Boys
Nancy Pelosi
US in a recession
Worst economy ever
The little hand that controls the economy must not be made angry
 
And fools think it's time for Rate cuts???

Haaaa. Hilarious. With the economy booming why would the fed have to cut rates. That tapped out consumer makes up 70% of gdp, where ever they are finding money to spend I need to know because every article only shows how much debt the consumer is in and how it keeps breaking records...guess they don't mind paying 20 to 30% apr on their outstanding debts.
 
S2007S said:
And fools think it's time for Rate cuts???

Haaaa. Hilarious. With the economy booming why would the fed have to cut rates. That tapped out consumer makes up 70% of gdp, where ever they are finding money to spend I need to know because every article only shows how much debt the consumer is in and how it keeps breaking records...guess they don't mind paying 20 to 30% apr on their outstanding debts.
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Rate cuts at this time will be like throwing gasoline onto a fire for inflation. But it's an election year, you know. :(
 
Scataphagos said:
Rate cuts at this time will be like throwing gasoline onto a fire for inflation. But it's an election year, you know. :(
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Ahhh yes that election year hype....

Imagine if this election year stocks collapse into the end of year. ...feels good when stocks are up every single day 1 to 3% but damn this is like everyone running in as if stocks will never ever fall again. Kind of hilarious. I have seen this before. You have as well.
 
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