US GDP growth in Q4 was better than expected according to the second release: 1% against 0.7% originally reported and 0.4% expected. Part of the better figures come from inventories, which is not the best type of growth while consumption is lower, which is also the best thing to see.
The US dollar is higher on the news. Also the core PCE Price Index looks better than expected at 1.3%.
The first revision of GDP for Q4 2015 was predicted to show a very poor growth rate of 0.4%, worse than 0.7% initially reported.
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