The GDP numbers came out, and the word is “meh”, with the economy growing at a 2.8% annual rate in the 4th quarter, under performing the forecast of 3%, and giving a 1.7% increase for the year.
We need to top 3% for a while to really improve our situation.
Yesterday,initial unemployment claims rose, to 377,000, as did continuing claims, though the 4-week moving average, and extended claims fell.
That being said, Consumer sentiment rose in January, which is good news.