1.   Despite the three prior rate increases, the U.S. economy -- supported by hardy consumer and business spending -- continues to barrel ahead.

2.   Hardy consumer and government spending and a strong build-up in business inventories added to fourth-quarter growth, while the bloated U.S. trade deficit subtracted from it.

3.   Hardy consumer spending, which accounts for two-thirds of all economic activity, contributed to the strong growth.

4.   Strength came from hardy consumer spending.

5.   The federal reports show the speeding economy continues to be fueled by hardy consumer spending, yet aside from energy prices, inflation remains quiet.