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US Stock Market: US growth revised lower; inflation remains elevated
The US first-quarter GDP growth was revised down to 1.6%, indicating a slowdown driven by weaker consumer spending and inventory investment. Meanwhile, April's inflation remained elevated, with the PCE price index rising 3.8% year-on-year.
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cryptobriefing.com
US inflation hits 3.8% as wages lag behind, squeezing household budgets and voter patience
US CPI inflation jumped to 3.8% YoY in April 2026, outpacing 3.6% wage growth. Real wage compression frustrates voters and delays Fed rate cuts.
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washingtonexaminer.com
First-quarter GDP growth revised down to 1.6% rate
The report shows that the economy was growing at a relatively strong clip as the war with Iran began. Since then, inflation has soared.
