U.S. GDP Grows 2% in First Quarter on AI Spending
Business investment rose on heavy AI spending, while consumer spending grew more slowly.
Fresh coverage on markets, the economy, and the forces moving money.
Business investment rose on heavy AI spending, while consumer spending grew more slowly.
Weekly U.S. jobless claims fell 26,000 to 189,000, the lowest level since 1969.
Core PCE climbed 0.3% on the month and 3.2% year over year, the Fed’s key policy gauge.