Posted on 03/01/2019 8:42:33 AM PST by xzins
The long-awaited first read on Q4 GDP has just come out, with results better than expected: +2.6%, whereas analysts had been pivoting right around that 2.0% figure ahead of the release. The historically strong Q3 results were revised upward in its third and final headline: 3.5%.
Even though it’s too early to take the long view of 2018 GDP as a whole, this 2.6% number joins the 2.2%, 4.2% and now 3.5% from the previous quarter to put preliminary GDP at 3.125%, or above 3% for the first time since prior to the Great Recession a decade ago.
That this initial Q4 read is well ahead of analysts’ estimates on the first read is interesting when we see how the numbers break down: the Consumer was actually slightly below estimates of 3% to 2.8%, though the Price Index overall wound up 10 basis points hotter. Core Personal Consumption Expenditures (PCE) — stripping out various near-term volatility, thus creating what we consider a “core” number — reached +1.7%.
(Excerpt) Read more at news.yahoo.com ...
Racist bigoted Fraud illegal president: Bad news is “unexpected”.
Patriotic American President: Good news is “unexpected”.
FU Big Media and the Fraud you rode in on and still worship!
Beats 3% annually for the first time in a long, long time.
Ah, at least they actually reported it :)
Unexpected. LoL.
I looked at some of the other headlines, and they all had worded their headlines in a negative way.
“Slowing from the previous quarter” kind of stuff.
They left out the part where it’s all because of Obama’s economic policies.
More erasure of Obama’s bad economic policies.
TRUMP HAS GOT TO GO!!! We SIMPLY CANNOT sustain this growth and prosperity!!! We have to be down, down, down. We have to be broke. We have to stop this. We have got to be broke.
The Rachel Maddow Show / The MaddowBlog
Economic growth slowed in the closing months of 2018
02/28/19 09:20 AM
By Steve Benen
For several months, Donald Trump talked up the quarterly GDP report from the spring and early summer of 2018, when economic growth soared. He’ll probably have much less to say about the new data, released this morning.
Lol!
John Harwood from cnbc, reported that the GDP for 2018 was 2.8% and was lower than obummer's number from 2015 which he claimed was 2.9%.
I did the math and came up with 3.1% but thought that maybe I made an error.
That is hysterical.
The economy was at 2.6%, very high in the midst of winter slowdown for housing, and China pushing extreme shipping to undercut Trump.
And he STILL beat in his 2nd year anything that Obama did in 8 years.
They’ll go on to the next derangement topic.
We haven’t had a Trump Crazy Man psychiatrist on TV for a while.
Under Trump they keep revising up previous quarters. Under Obama they kept revising down. The deep state helped Obama and are trying to hurt Trump.
Being in the market regularly, I knew the MSM claims of a slowdown were a lie just as their claims of a recovery before about 2015-16 were a lie.
That’s Powell’s attitude at the Fed, or these numbers would’ve been significantly better.
we also can’t forget the Fed raising interest rates to avoid an overheating economy or inflation when there was no evidence of either one
I’m confused. We just had reports yesterday saying under “one measure” we didn’t hit 3% and now we’re seeing it looks like we did hit 3%. Up is down, down is up.
It’s killing ‘em.
Exactly. Glad you remembered that.
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