USA-GDP/Q1
USA-GDP/Q1
Dateline : April 30, 2026/File
Location : United States
Duration : 1'09
FILE: Washington D.C., USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
1. Various of exterior of U.S. Department of Commerce, flag
FILE: Westbury, New York State, USA - Aug 1, 2025 (CCTV - No access Chinese mainland)
2. Various of shoppers in supermarket
FILE: New York City, USA - Oct 2024 (CCTV Video News Agency - No access Chinese mainland)
3. Various of traffic, buildings
4. Cityscape
FILE: Los Angeles, USA - Date Unknown (CGTN - No access Chinese mainland)
5. Various of containers, crane at port
The U.S. economy grew at an annualized rate of 2 percent in the first quarter of 2026, missing economists' forecasts of 2.3 percent, according to official data released Thursday by the Commerce Department.
Meanwhile, the core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred inflation gauge - rose at an annualized rate of 4.3 percent in the first quarter, above the 4.1 percent estimate and accelerating sharply from 2.7 percent in the previous quarter.
On a year-over-year basis, core PCE increased 3.2 percent in March, matching forecasts and up from 3 percent in February. The broader PCE price index rose 3.5 percent year-on-year in March, marking the highest level since June 2023.
Despite the slowing growth, the labor market showed resilience. Initial jobless claims for the week ending April 25 came in at 189,000, well below expectations of 212,000, indicating continued strength in the jobs market.
The PCE price index is closely watched by the Federal Reserve as a key reference for monetary policy decisions and for assessing progress toward its inflation target.
ID : 8477240
Published : 2026-05-01 01:05
Last Modified : 2026-05-01 16:59:19
Source : CCTV Video News Agency,China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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