AI Data Insight
The year-over-year growth rate of US real GDP reached 2.7% in the first quarter of 2026, further expanding from the previous value of 2.2%, indicating that the economic baseline remains resilient. Although the quarter-over-quarter annualized rate rebounded to 2.0%, it was slightly below market expectations. Growth momentum was highly concentrated in AI capital expenditures and the rebound of government spending, while a sharp rise in core PCE and slowing consumption lay hidden worries for the future economy.