Here comes GDP ...
Brian Snyder/Reuters
Economists estimate a revision to 2% from 1.9% growth, according to Bloomberg.
The second reading was weaker than expected despite a surge in personal consumption, especially on medical care. Overall personal consumption increased by 3%.
This print is the final reading on fourth-quarter economic growth until annual revisions for all of 2016 are released later.
It's also the last big piece of economic data that covers President Barack Obama's presidency. The fact that it's GDP - the most comprehensive reading on US economic growth - is important, because President Donald Trump has vowed to return the economy to annual growth above 4% during his presidency. However, this would be very difficult to achieve, and is above the most bullish estimates from the Federal Reserve and the International Monetary Fund, among others.
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO
- Sustainable Event Planning
- Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project
- As back-to-office avatars turn casual, comfy sneaker sales pick up pace
- Fresh photographs of Milky Way’s black hole Sgr A* reveal strong, twisted magnetic field similar to M87*