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US Gross Domestic Product, 1st Quarter 2026 (Advance Estimate)
Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the first quarter of 2026 (January, February, and March), according to the advance estimate released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2025, real GDP increased 0.5 percent. The contributors to the increase in real GDP in the first quarter were investment, exports, consumer spending, and government spending. Imports, which are a subtraction in the calculation of GDP, also increased. For more information, refer to the "Technical Notes" below. Compared to the fourth quarter of 2025, the ... (full story)
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Core inflation rate hit 3.2% in March, as expected; GDP grew 2% in first quarter
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve. The core personal consumption expenditures price index, which excludes food and energy, accelerated a seasonally adjusted 0.3% for the month, pushing the 12-month inflation rate to 3.2%, the Commerce Department reported Thursday. The readings matched the Dow Jones consensus estimates. Including the volatile gas and groceries components saw higher readings, with the monthly gain at 0.7% and the annual rate hitting 3.5%, also in line with forecasts. In other economic news Thursday, ... (full story)
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US growth picks up in the first quarter
U.S. economic growth picked up in the first quarter on a rebound in government spending after a crippling government shutdown, but the increase is likely temporary as the war with Iran drives up gasoline prices and squeezes household budgets. Gross domestic product increased at a 2.0% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance GDP estimate on Thursday. In the October-December quarter, economic growth slowed to a 0.5% pace as a contraction in federal government outlays lopped off 1.16 percentage points, the most since the first quarter of 1994. ... (full story)
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