US GDP Growth Rate QoQ 2nd Est (Q4) Q/Q 0.7% vs. Exp. 1.4% (Prev. 4.4%)
Context
The second estimate of the US GDP growth rate for Q4 came in significantly lower than expectations, at 0.7% compared to a forecast of 1.4% and down from the previous estimate of 4.4%. This notable miss may raise concerns regarding the economic outlook and could prompt revisions in monetary policy expectations, particularly regarding interest rate trajectories.
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