The economic growth of the United States has finally slowed less sharply than expected in Q4, according to the second estimate from the Commerce Department which was revised higher Friday to the surprise of analysts.
D October to December, the gross domestic product (GDP) US rose 1% annualized and adjusted for seasonal variations, better than the first estimate (+ 0.7%). However, this represents a slowdown from the expansion of the third quarter (2%). Analysts expected that the growth has just 0.4% last quarter, 2015.
Inflation on a year in the United States surged in January to its most highest level in 15 months, according to the price index based on consumer expenditure (PCE) released by the Commerce department.
the price increase over one year rose 1.3% in January, against 0.7% in December year on year. That’s the highest since October 2014. Excluding the volatile prices of food and energy, inflation-called underlying rose to 1.7% year on year in January, the highest since July 2014.
on a month in January, the consumer prices were up only 0.1% following a decline of the same order in December. The excluding food and energy prices rose 0.3%, while analysts’ forecasts, which covered this part of the index, were betting on a modest increase of 0.1% over the month.