News Summary

• The US economy is poised to become more reliant on spending by the government and businesses for growth in 2026.
• Gross domestic product probably advanced at a 2.3% annualized pace in the first quarter, while consumer spending was likely up just 1.4%.
• The headline figure will likely be flattered by a sharp rebound in government spending following a record-long federal shutdown at the end of 2025.
• Meanwhile, figures on business investment will likely reflect an ongoing boom in spending related to the artificial intelligence buildout.