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What is the latest U.S. economic data?

Asked 5 hours ago

Answer

Recent U.S. economic data shows mortgage rates have dropped to their lowest in 10 months, the Producer Price Index surged unexpectedly, and GDP growth has slowed with AI-related spending now matching private consumption as a growth driver.

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CNBC

Market likely to broaden out in 2026, says Citi's Rob Rowe

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  • AI spending now matches private consumption in contributing to GDP growth. 14s
  • U.S. economic growth has slowed, but tech and innovation investment remains strong. 33s
  • Current tech sector growth is supported by strong cash flows, not excessive leverage. 2m 47s
  • Digital services exports are rising rapidly, now making up a significant share of global exports. 2m 31s
  • Rowe expects market participation to broaden in 2026, beyond tech and communications. 3m 36s
Economy

References

Market likely to broaden out in 2026, says Citi's Rob Rowe
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CNBC
6 hours ago
Market likely to broaden out in 2026, says Citi's Rob Rowe

U.S. GDP growth has slowed to about 1–1.5% in the first half of the year, with AI-related spending now contributing as much to GDP growth as private consumption.

Who is paying the high cost of tariffs?
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Scripps News
3 days ago
Who is paying the high cost of tariffs?

The Producer Price Index surged unexpectedly, indicating higher costs for U.S. importers and likely further price hikes for consumers.

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