The U.S. economy grew faster than previously estimated in the first quarter, but consumer spending almost stalled. Source: reuters.com

The U.S. economy has seen solid growth momentum and inflation was expected to reach ​the Federal Reserve’s 2% target by the ‌end of 2027, the International Monetary Fund said on Thursday. Source: reuters.com

Rising gas prices are dealing a major hit to household budgets, with most Americans admitting that high gas prices are severely squeezing their finances, according to a new poll. Source: fox4news.com

A drought in Brazil, a ship stuck in the Suez Canal, a factory fire in Taiwan — the events that move markets and disrupt supply chains are rarely where most people are looking Source: qz.com

The generative AI economy has generated $110 billion in sales over the past 12 months. It is growing fast. On an annualized basis, the revenue run rate exceeds $175 billion. These numbers took us several months to construct, and as far as we know, it’s the first bottom-up, deduplicated measure of consumer and enterprise AI […]

Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years. Source: axios.com