U.S. Q1 GDP Revised Up to 2.1% Annual Rate, Boosted by AI Investment
The Bureau of Economic Analysis lifted its Q1 2026 GDP estimate to a 2.1% annualized gain, beating the 1.6% consensus. Growth was driven by a surge in business investment in artificial‑intelligence hardware and computers, while consumer spending showed little momentum. Other indicators painted a mixed picture: the personal consumption expenditures price index rose 4.1% in May, and a state‑by‑state map showed uneven regional performance. Crypto markets barely reacted, with Bitcoin and Ethereum staying flat despite the stronger macro data.
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US economy expanded at a solid 2.1% annual pace from January through March, the Commerce Department said in a revision
WASHINGTON (AP) — US economy expanded at a solid 2.1% annual pace from January through March, the Commerce Department said in a revision. WASHINGTON, June 25 (Reuters) - The U.S. economy grew faster ...
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