Q4 2017 US GDP advance reading 26 January 2018

  • Q3 GDP 3.2%.
  • Sales advance 3.2% vs 3.2% exp. Prior 2.4%
  • Consumer spending 3.8% vs 2.2% prior
  • PCE 2.8% vs 1.8% exp. Prior 1.5%
  • Core PCE 1.9% vs 1.6% exp. Prior 1.3%

The soft headline will catch the attention but there’s a very good jump in spending and PCE is up massively. On the whole, it’s not that bad a report.

Between this and the Durable’s there’s no real reason to see the dollar fall but whether it wants to rally is another question.

 

Ryan Littlestone

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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