U.S. Growth Driven By Tech Investment In First Quarter
ING Economic and Financial Analysis·2026-05-01·via All Articles on Seeking Alpha
Summary
Amid some cooling in consumer spending, investment linked to tech and AI has clearly become the main engine of growth in the US.
Durable goods orders suggest this trend will continue through much of this year, but there are concerns that there is a lack of breadth to the overall US growth story.
The March personal income and spending report offers little over and above the GDP report, but it does provide the core PCE deflator measure of inflation, which rose 0.3% MoM, as expected.
