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4Q GDP rev down to +2.5% SAAR, as expected,.>

US DATA: 4Q GDP rev down to +2.5% SAAR, as expected, from +2.6% in the 
adv estimate, with downward revisions to inventories, nonresidential 
fixed investment, and government spending offsetting an upward revision 
to residential building and a slightly smaller trade gap.
- The PCE measure was unrevised at a +3.8% pace, with a downward 
revision to goods spending negating an upward revision to services 
spending. The savings rate was revised up to 2.7% from 2.6% in the adv 
estimate, but was still down sharply from 3.4% in 3Q. 
- The prices measures were generally unrevised. The overall GDP price 
index now +2.3% vs adv +2.4%, while the closely watched core PCE was 
unrevised at +1.9%, keeping the the y/y rate at +1.5%, up modestly from 
+1.4% in 3Q. 
- Real final sales of domestic product were revised up to +3.3% vs 
+3.2% in adv estimate, while sales to domestic purchasers were 
unrevised at +4.3%.

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