In accordance with recently published a first estimate of GDP, the U.S. economy accelerated in the last quarter of 2010. 3.2% growth rate in annual terms was only slightly below expectations, but data on final sales, including stocks, rose 7.1%, the biggest growth rate since early 1984.When there is significant growth, is always interesting to see where he came from. Consumption has been strong, and added 3% from 3.2% of the core growth. This is the maximum rate from the end of the recession. 3.7% deprived change inventory (the company aggressively cut inventories), which is almost entirely offset by strong net exports (3.4%). For the first time Market side made a positive contribution to growth for the year 2010.
The dollar was fairly indifferent to the publication of the data, given that the major elements in whole, in line with expectations. Inflation indicators have been fairly muted, prices rise by 0.8% on an annualized basis for the benefit of basic PCE (Personal Consumption Expenditures). All of this convinces the Fed in the correctness of the course and continue QE2 on the background of muted price pressures.
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