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.

What was the annualized GDP growth rate mentioned in the report?

• 3.0%

• 2.5%

• 1.5%

• 2.1%

Which component of the economy was expected to support growth but came in weaker than anticipated?

• Initial jobless claims

• Core PCE

• Personal consumption

• Nonresidential fixed investment

What factor is mentioned as potentially affecting future business investment?

• Consumer confidence

• Trade agreements

• Boeing 737 Max production issues

• Interest rate hikes

According to Ira Jersey, what is the most concerning aspect of the economic report?

• The decline in manufacturing

• The potential slowdown in consumer spending

• The increase in jobless claims

• The rise in core PCE

What upcoming economic data is highlighted as particularly important for understanding the economy's direction?

• The next GDP release

• The jobs report and wage growth

• The trade balance report

• Retail sales figures