The increase in real GDP in the first quarter reflected increases in personal consumption expenditures (PCE), nonresidential fixed investment, federal government spending, residential fixed investment, and state and local government spending that were partly offset by decreases in private inventory investment and exports. Imports, which are a subtraction in the calculation of GDP, increased.
- Stock Markets Drop as Debt Ceiling Fight Comes into Focus and 11 Million Jobs Remain Open
- Inflation on the Rise
- Unfilled Job Openings Hit a 48-Year Record High
- Markets March to New Highs as Congress Writes a $1 Trillion Infrastructure Bill
- Manufacturing Running High But Lack of Labor and Supply Issues Rampant