01:30 PM BST, United States - GDP data:
- GDP (Q1): actual -0.3% QoQ; forecast 0.2% QoQ; previous 2.4% QoQ;
- Real Consumer Spending (Q1): actual 1.8%; previous 4.0%;
- GDP Price Index (Q1): actual 3.7% QoQ; forecast 3.1% QoQ; previous 2.3% QoQ;
- Core PCE Prices (Q1): actual 3.50%; previous 2.60%;
- PCE Prices (Q1): actual 3.6%; previous 2.4%;
- GDP Sales (Q1): actual -2.5%; previous 3.3%;
Q1 GDP came lower than expected. Moreover, US Q4 GDP growth was also revised down to 2.4% annualized from 2.8% in Q3, with consumer spending slowing sharply to 1.8% from 4.0%, and final sales excluding inventories plunging to -2.5% from 3.3%. The data shows a troubling domestic picture, with weaker consumption and a major drag from net trade (-4.83%), while inventories contributed positively (+2.25%) as firms front-loaded imports. Inflation indicators were hotter than expected, with the GDP deflator at 3.7% (vs. 3.0% expected) and core PCE at 3.5% (vs. 3.3%). Despite some expectations for soft data, the overall report was worse than anticipated, signaling underlying weakness ahead as consumption slows and inventories likely reverse.
Daily Summary: Will the S&P 500 close the week with a loss❓Find out what drove the market today ⬇️
Three Markets to Watch Next Week: EURUSD, Gold, S&P 500 (26.06.2026)
Fed's Kashkari says AI will force a rate hike; EURUSD and USD reverse early moves ❗
University of Michigan sentiments lower than expected
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
