The lede, from MarketWatch.com: GDP Surprise Chalked Up To Unexpected Consumer Spending During Shutdown, Research and Development Growth.
More: “At a 2.6% gain, fourth quarter GDP was a welcome upside surprise, and further cast doubt on the veracity of the weak December retail numbers. While the economy is slowing, perhaps to a plateau of about 2% over this year, that’s plenty of economic heat to keep jobs increasing at a strong pace, and to keep wages rising.” — Robert Frick Navy Federal Credit Union.
And finally, from Bespoke: 2018 was the first year since 2004 where GDP growth was above 2% in all four quarters of the year (2.2%, 4.2%, 3.4%, 2.6%).
Hat tip MarketWatch.com/Bespoke Research