The US forth quarter preliminary reading of its Annualized GDP narrowed to 2.8%; worse than the predicted growth of 3.3% and the prior growth rate of 3.2%, while the GDP Price Index for the same period rose to 4.1%; higher than the forecasted and prior reading of 0.3%.

AS for the personal consumption of he same period, it plunged gloomily to 0.4%; worse than the predicted 4.2% and the prior reading of 4.4%, whereas the Core PCE inclined to 0.5%, which is higher than the projected and prior readings of 0.4%.