U.S. GDP growth for the fourth quarter was revised upward to a 2.6 percent annual rate, a slight increase from the 2.4 percent previously forecasted. A notable increase in health care spending seems to be the biggest driver in the slight upward revision, with most other key categories – sales of U.S.-produced goods and services, business investment, structure spending/investment – were little changed.
Nonetheless, it’s another sign of the economy’s resiliency, if not outright strength, in the face of a very harsh winter and mixed sentiment.
“Go where your audience is,” the old marketing and sales saying goes. And that’s just what President Obama did this week as part of his push to get as many young people as possible to enroll for health insurance under the Affordable Care Act before the open-enrollment deadline at the end of this month.
So the president took his message to where that specific audience is – online, and specifically to a guest spot on “Between Two Ferns,” a web-only talk show spoof starring actor and comedian Zach Galifianakis. Obama’s appearance put the president’s sense of humor on full display and, it seems, had its intended effect – traffic to HealthCare.gov spiked nearly 40 percent in the days following the episode.
The bull market rages on, continuing to confound skeptics in the process. As she does each month, Schwab chief strategist Liz Ann Sonders shares her insights on the positive drivers propelling our economy, as well as drag factors like reduced federal spending and unusually harsh winter weather. She also looks at if ongoing woes in emerging markets will have a long-lasting impact. Watch her March Monthly Snapshot here.
Watch her March Monthly Snapshot here.