U.S. economic growth since the start of the war has fallen short of expectations. Inflation accelerated

U.S. GDP - the value of all goods and services produced in the country in the first quarter of 2026 - grew 2% year-over-year on a seasonally adjusted and inflation-adjusted basis, according to data from the U.S. Commerce Department. Economists surveyed by The Wall Street Journal expected GDP growth from January to March at 2.2%.

The Consumer Price Index (PCE), the Federal Reserve's preferred measure of inflation, released at the same time as GDP data, rose 0.3% month-over-month and 3.2% year-over-year in March, also reflecting the impact of the war with Iran, Barron's notes. Economists surveyed by FactSet had expected to see the rate at 0.25% and 3.2%, respectively.

Futures on U.S. stocks rose amid the publication of macroeconomic data: contracts on Dow Jones added 0.6%, on S&P 500 - almost 0.5%, on Nasdaq Composite - 0.6%.

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