While it is as stale as 3 month old milk, and therefor completely useless especially ahead of tomorrow's personal income/core PCE report, moments ago the BLS reported its 2nd revision to Q4 GDP which was revised up to 2.4% compared to the second est. of 2.3%, and above the median consensus of 2.3% (+2.2% to +2.6%) from 55 economists. The final Q4 print was down from 3.1% in Q3. The increase, however, wasn't due to stronger consumption (this declined from 4.2% to 4.0%, below the 4.2% estimate) but mostly due to trade and downward revised imports. Additionally, inflation prints were more muted, with 4Q GDP price index ... (full story)