US Q1 GDP Growth Revised to 1.6%; April Income and Spending Data Released

The U.S. Bureau of Economic Analysis has issued its updated estimate for the first quarter of 2026, indicating a 1.6% annual growth rate for real GDP. Alongside this, April's personal income saw a slight decline, while disposable personal income also decreased marginally. Conversely, personal consumption expenditures experienced an increase during the same month.