The third reading of GDP growth During the fourth quarter of 2020 it showed an upward revision, indicating that the economy expanded to 4.3%, above the 4.1% expected and previously reported.
The spending on personal consumption was 2.3%. The price index of GDP was 2.0% and the underlying price index for consumer spending was 1.3%.
The data had no impact on the market. The dollar continues to strengthen against a backdrop of worsening market sentiment and Wall Street stock futures, which set new daily lows. At the same time, there was a drop to the lowest level in a year in applications for unemployment benefits.
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