Several key economic reports were released today highlighting a broad and strong U.S. economy with a very strong labor market.
♦ The first quarter Gross Domestic Product (GDP) was released by the Bureau of Economic Analysis (BEA) [DATA HERE] The first estimate is for growth at 2.0 percent. At first glance that is lower than we expected; however, a deeper look shows a large increase in imported goods that are deductions to the equation. The imported goods increased 25.8% more than the fourth quarter of 2025 [Table 1.1], that led to a net -1.30 percent deduction [Table 1.5].
