Economy Shows Resilience with Robust Growth and Falling Inflation in Q4

• GDP growth beat expectations at 3.4% in Q4 2023, fueled by pandemic stimulus • Corporate profits hit a new record high of $2.8 trillion in Q4 • Inflation fell slightly to 2% based on the Fed's preferred core PCE metric • The economy showed resilience, with strong consumer spending and investment • Gross domestic income rose 4.8%, catching up to GDP growth for the first time since 2022