First Reading on Q4 GDP Growth: 2.8%, vs. Cons. 3.0%

The first reading on US Q4 GDP growth comes in at 2.8%, which compares to the economist estimate of 3.0%.

Personal consumption was up 2.0%, vs. the consensus estimate of up 2.4%.

Core PCE rose 1.1% from Q3, which compares to the Street estimate of up 0.9%.

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