U.S. GDP grew 2.6% in Q4, missing Wall Street's estimates
U.S. GDP grew at 2.6% in the fourth quarter of 2017, missing Wall Street's estimate of 3% growth.
The good news: It’s still a strong rate to finish off the year. GDP grew at 3.1% and 3.0% respectively in Q2 and Q3 of 2017, but those quarters saw a decline in consumer spending, business fixed investment and residential investment. But in Q4, consumer spending was up 3.6%, business fixed investment was up 6.8% and residential investment was up 11.6%.