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US Q4 GDP and Personal consumption revised higher-S+P 500 futures initially rise

The final revision to US Q4 GDP has been revised higher, to 3.4% from 3.2%. Personal consumption has also been revised higher, to 3.3% from 3%. This data shows the US economy and consumer were both stronger in the final 3 months of last year. The dollar has been pretty unmoved by this news and probably because it is rather latent. However, it seems to have provided another excuse for US stock futures to rise further. All three major indexes are now in the green and so a higher opening seems more likely than not. The S+P 500 futures were pricing that immediately after the release at around 5,255. The index closed last night at 5,248. The index has actually just come off that high right now though 
 

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