The U.S. economy expanded by 2.0% quarter-on-quarter (q/q, annualized) in the first quarter – a touch weaker than the consensus forecast of 2.3% – and an acceleration from Q4-2025’s 0.5%. Major contributors to last quarter’s growth included investment, exports, consumer spending, and government outlays. Imports were a meaningful drag. Consumer spending rose by 1.6% q/q, […]

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