January 26, 2026 Market Commentary
The resilient U.S. economy is getting a boost from consumer spending and business investments in artificial intelligence (AI).
The resilient U.S. economy is getting a boost from consumer spending and business investments in artificial intelligence (AI).
The services category in the recent GDP report delivered a big upside surprise, helping stoke the stronger than consensus 4.3% increase in third-quarter GDP.
The Department of Labor recently published inflation data that indicated pricing pressures remain under control.
We are raising our GDP estimates for 2025 and 2026. The $30 trillion U.S. economy remains on course, powered by corporate investments in artificial intelligence and outsized spending by the wealthiest households.
Real GDP grew at a revised 3.8% in the second quarter according to the third estimate from the Bureau of Economic Analysis (BEA).
