US economy expands 2.1 percent
The US economy grew faster than expected in the first quarter of 2026, with a growth rate of 2.1% compared to 0.5% in the previous quarter, supported by increased corporate investments, exports, and consumer spending. At the same time, inflation rates rose in May, with the core Personal Consumption Expenditures (PCE) index reaching 3.4% year-on-year, the highest level since October 2023, reinforcing expectations of continued restraint in American monetary policy. Meanwhile, labor market data showed a decrease in unemployment claims to 215,000 applications during the week, indicating that the labor market remains strong.
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