The final estimate of US GDP growth in Q4 2021 showed that the US economy grew at a pace of 6.9% annualised during the quarter, data published by the US Bureau of Economic Analysis (BEA) on Wednesday showed. Personal Consumption Expenditures Prices rose at an annualised pace of 6.4% during the quarter, a little above the expected 6.3% reading, whilst the GDP Price Index had prices rising at a pace of 7.1% annualised during the quarter, a little below the 7.2% expected. 

Market Reaction

FX markets were unreactive to the backwards-looking US data.