Inventory build-up lifts US GDP in Dec quarter

27 January 2022

 

Summary:  US GDP up 1.7% (6.9% annualised) in December quarter, more than 1.4% expected; inventory main driver of result; GDP price deflator annual rate rises from 5.5% to 6.4%. US GDP growth slowed in the second quarter of 2019 before stabilising at about 0.5% per quarter. At the same time, US bond yields suggested future growth rates would be below trend. The US Fed agreed and it reduced its federal...

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