AI Data Insight
In the first quarter of 2026, US Personal Consumption Expenditures (PCE) climbed to 21,683.7 billion USD, an increase of nearly 300 billion USD from the previous quarter, continuing to set a new historical high. However, affected by soaring crude oil prices and rekindled inflation, the real consumption growth rate slowed to 1.6%. Caught between inflation and geopolitical risks, the market expects the Federal Reserve's rate cut timeline to be further delayed.