Week of May 25–29, 2026

In summary

• April Core PCE accelerated to +3.29% Y/Y, the highest since November 2023. Spending stayed solid while Incomes were flat and Savings declined, likely reflecting baby-boomer retirements.
• The 2nd estimate of Q1 2026 U.S. GDP was revised down to +1.62% from +1.99%, with Consumer Spending and Private Domestic Investment both revised lower — though investment is still at strong levels.
• Durable Goods Orders jumped +8% M/M in April, reflecting a surge in non-defense aircraft.
• The Goods Trade Balance came in a bit narrower than expected as Imports and Exports continue to rise; Capital Goods ex-Autos are up the most Y/Y, reflecting rising prices and volumes for computer trade.