GDP

April consumption data point to slowing consumer demand, declining fast-food spending, weaker tourism, and continued increases in drug spending despite Trump’s claims about lower pharmaceutical prices.

One possible way to deflate the AI bubble: The Fed could assign some economists to assess the state of the stock market.

The Q1 GDP report shows modest growth masking deeper weaknesses, including fragile demand, rising inflation, declining manufacturing investment, and no sign of an AI-driven productivity boom.

The first quarter GDP report shows modest growth and rising inflation. With so much spending concentrated in health care and data centers, the outlook is not good.

The overall GDP growth rate for the quarter is likely to be around 2.0 percent, but most areas of consumer spending are showing little or no growth.

While short-term economic data may appear similar, key differences in inflation, labor market strength, affordability pressures, and long-term policy choices suggest the Trump and Biden economies are meaningfully different.

The Trump administration claims that the economy is “roaring like never before” after the “nightmare” they inherited from the Biden administration. But the numbers tell a very different story.

The claimed US productivity edge over Europe largely disappears once GDP is measured consistently across countries.

Q4 GDP disappointed as sharp federal spending cuts and weak investment outweighed consumption growth driven largely by rising health care costs.

The fourth quarter GDP came in lower than generally expected. Housing and non-AI investments are weak, and consumption is driven largely by health care — which is likely leaving many feeling squeezed.