GDP Grew 2.2% During Fourth Quarter, Missing Estimates of 2.4%

The economy grew by 2.2%, according to the latest reading on fourth quarter gross domestic product from the Bureau of Economic Analysis released Friday morning.
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The economy grew by 2.2%, according to the latest reading on fourth quarter gross domestic product from the Bureau of Economic Analysis released Friday morning. Investors are closely watching each piece of economic data, especially as the Federal Reserve is expected to initiate its first rate hike in nearly nine years. TheStreet's Scott Gamm speaks with Emanuella Enenajor, U.S. Economist at Bank of America Merrill Lynch, to discuss the latest reading on gross domestic product and when the U.S. consumer is expected to spend the savings from the steep decline in gas prices.