US GDP Growth Rate QoQ Adv (Q4) Q/Q 1.4% vs. Exp. 3.0% (Prev. 4.4%, Low. 1.7%, High. 4.4%)
The US GDP growth rate for Q4 came in at 1.4%, significantly below the expected 3.0%, indicating a weaker economic performance and a potential slowdown from the previous quarter's 4.4%.
Daily US Equity Opening News - CRWV credit concerns arise; LYB slashes dividend; NVDA reportedly close to $30B OpenAI investment
US PRE-MARKET MOVERS: NVDA, CRWV, FIX, OPEN, ED, LYB, AKAM, GRAL, WTTR
US GDP Growth Rate QoQ Adv (Q4) Q/Q 1.4% vs. Exp. 3.0% (Prev. 4.4%, Low. 1.7%, High. 4.4%)
Apple (AAPL) has been questioned by Senator Blackburn on its Apple News' alleged bias, FOX news reports
HSR waiting period expires for Paramount Skydance (PSKY) offer to purchase Warner Bros Discovery (WBD) on the 19th of February
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- The contributors to the increase in real GDP in the fourth quarter were increases in consumer spending and investment. These movements were partly offset by decreases in government spending and exports. Imports, which are a subtraction in the calculation of GDP, decreased.
BEA on the shutdown impact:
- "The full effects of the partial federal government shutdown on the fourth-quarter estimates cannot be quantified... However, BEA did estimate the effects of a reduction in the labor services supplied by federal employees. BEA estimates that this reduction in services provided by the federal government subtracted about 1.0 percentage point from real GDP growth in the fourth quarter."
The lower growth was driven by plummeting government spending and exports, which partly offset gains from consumer spending and investment. This miss could imply a more cautious monetary policy stance as it suggests downside risks to economic strength and inflation expectations.
Related headlines
- US EQUITY OPEN: Dovish Waller helps push indices higher although AVGO guidance underwhelms2 hours ago
- Revelio Labs Nonfarm Payrolls (Aug): +36.5k (prev. +79.2k, rev. +50.8k)3 hours ago
- US S&P Global Composite PMI Final (Aug) 56.0 vs. Exp. 56.0 (Prev. 54.5)2 hours ago
- US ISM Services PMI (Aug) 55.4 vs. Exp. 54.3 (Prev. 54.1)1 hour ago
- US Daily Equity Opening News - MSFT to report quarterly Azure sales; AVGO and HPE fall on outlooks; SNOW surges on earnings beat2 hours ago
- US Initial Jobless Claims (Aug/29) 206.0K vs. Exp. 205K (Prev. 204.0K)3 hours ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources7 hours ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday7 hours ago
- [MARKET UPDATE] Dovish reaction as Fed's Waller leans towards hold in September, albeit very much data dependent; T-notes, stocks and gold move higher with the dollar sold; Pricing is back to 50/50 for hold/hike2 hours ago
- Fed Governor Waller (Voter) says with CPI and PPI in hand, have a pretty accurate view of PCE inflation3 hours ago
- Fed's Waller (voter) to support holding policy rate steady at September FOMC meeting if August inflation data shows continued progress3 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement7 hours ago
- US S&P Global Services PMI Final (Aug) 56.5 vs. Exp. 56.8 (Prev. 54.6)2 hours ago
- Canadian S&P Global Services PMI (Aug) 46.8 (Prev. 49.1)2 hours ago
- Canadian S&P Global Composite PMI (Aug) 47.8 (Prev. 49.7)2 hours ago
- Brazilian S&P Global Services PMI (Aug) 50.5 (Prev. 49.7)2 hours ago
- Brazilian S&P Global Composite PMI (Aug) 49.1 (Prev. 48.8)2 hours ago
- US Unit Labor Costs Final (Q2 QQ) 1.2% vs. Exp. 1.3% (Prev. 1.3%)3 hours ago
- European PPI (Jul MM) 1.6% vs. Exp. 1.2% (Prev. -0.3%)6 hours ago
- European PPI (Jul YY) 5.8% (Prev. 4.6%)6 hours ago
The whole workspace, free to try.
Try it free