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Nominal GDP expanded an annualized 4.8% quarter-to-quarter and 5.8% year-over-year.
Real GDP grew by 3.3% quarter-to-quarter and 3.1% year-over-year.
The price index for domestic purchases rose 1.9% versus 2.9% last quarter.
Bond market volatility peaked last March when it started to become clear the Fed was about done with its rate-hiking campaign.
We got the latest report on economic growth last week, and it surprised most everyone. Real GDP expanded by an annualized 3.3% in the fourth quarter, well above the consensus estimate of 2%....