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

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

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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