Advanced GDP for Q4 2011 came in at 2.8% slightly below expectations. A build of $56 billion in Business Inventories accounted for 1.945% of this gain. The PCE Price Index came in at 0.7%, below
Next week we focus on weak Consumer Confidence, stabilizing but depressed New Home Sales, weak Durable Goods Orders and Advanced GDP for the second quarter expected at a weak +1.8%. The U.S.