The U.S. Bureau of Economic Analysis (BEA) announced real gross domestic product (GDP) increased at an annual rate of 2.5 percent in the fourth quarter of last year, according to the “second” estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent. Additionally, personal income increased $64.7 billion in January according to estimates by the BEA. Disposable personal income increased $134.8 billion and personal consumption expenditures increased $31.2 billion.

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