Skip to Navigation Skip to Posts Skip to Content
🇺🇸 Q1 GDP came in at 2.0%. The PCE surge to 3.5% is the actual problem.
The day in view

🇺🇸 Q1 GDP came in at 2.0%. The PCE surge to 3.5% is the actual problem.

Macro Soup Newsroom Macro Soup Newsroom 3 min read

Q1 GDP came in at 2.0% annualized, below the 2.3% consensus. Headline PCE jumped from 2.8% to 3.5% year-on-year in the same quarter, and that's the print that matters for the rate path.

Line chart showing US real final sales to private domestic purchasers annualized growth rates
Real final sales to private domestic purchasers grew at a 2.5% annualized rate in Q1 2026, in line with recent trends. Source Source

Read next

Featured Post The week in view

📰 Weekly Macro Roundup: 2026-11-07

3 min read
Paid Post The week in view

🇨🇳 Beijing lowers the funding floor quietly, leans on the yuan and asks firms to buy their own shares

4 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.