The US GDP (3rd quarter, first publication) was better than expected at +1.9% (forecast was +1.6%; 2nd publication was +2.0%).
Trump had previously indirectly announced the better figures via Twitter. 1.9% really as “best economy ever”? It’s time for the Fed to cut interest rates into the negative range, isn’t it?
The GDP price index (GDP deflator) is +1.7% (previous quarter: +2.4%).
Real consumer spending by US consumers was +2.9%. Forecast was +2.5%; previous quarter was +4.6%.