THE BASIS POINT

4thQ GDP +2.2%

 

GDP 4thQ 2014 

– Real GDP quarter/quarter seasonally adjusted, annualized +2.2%. Previous was +2.2%.
– GDP price index seasonally adjusted, annualized +0.1%. Previous was +0.1%.

This is soft and while GDP is supposed to be the best indicator as to the health of the economy the numbers reports are greatly affected by the estimates correcting them for inflation.

How BEA calculated those inflation adjustments is not revealed.

 
Corporate Profits 4thQ2014

– After-tax Profits year/year 2.9%. Previous was +5.1%.

 
University of Michigan Consumer Sentiment (March 2015)

– Sentiment Index  93.0. Previous was 91.2.

 

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